Trustees Act Amendment Act 1951 (WA)

1951.] Trustees. [No. 38.

TRUSTEES.

15° and 16° Geo. VI., No. XXXVIII.

No. 38 of 1951.

AN ACT to amend the Trustees Act, 1900.

[Assented to 20th December, 1951.]

RE it enacted by the King's Most Excellent

Majesty, by and with the advice and consent

of the Legislative Council and the Legislative

Assembly of Western Australia, in this present

Parliament assembled, and by the authority of

the same, as follows:—

Short title.

This Act may be cited as the Trustees Act Amendment Act, 1951, and shall be read as one with the Trustees Act, 1900, 64 Vict. No. 17, which, as amended by Act No. 7 of 1927 and affected by Acts No. 10 of 1924, 4 of 1926, 9 and 10 of 1931 and No. 4 of 1935, is referred to in this Act as the principal Act.

1.

principal

2. The pricipal Act, as amended by this Act, Tea n Act as

may be cited as the Trustees Act, 1900-1951.

amended by

this Act.

No. 38.] Trustees. [1951.

S. 5

amended. 3. Section five of the principal Act is amended

(a)	by inserting after the word, "Australia" in paragraph (d) the words, "or any incor- porated building society now or hereafter carrying on business in Western Australia, and certified by notice in the Gazette, signed by the Treasurer, as a society in the shares of which trustees may invest";
(b)	by deleting the word, "preference" in para- graph (f);

(c) by adding the following paragraphs

Cf. the

Trustees Act,	(h)	in any security in respect of which
1898. as
amended, of	repayment of the amount secured
Queensland,
5.5 (1) (IV.)	and payment of interest thereon is
and "The
Trustees and	guaranteed by the Parliament of the
Executors
Act of	United Kingdom or the Common-
1897," as
amended, of	wealth or the State or any of the
Tasmania,
s.4 (d).	other States of the Commonwealth or of New Zealand;
(i)	in the shares of any incorporated building society now or hereafter carrying on business in Western Australia, and certified by notice in the Gazette, signed by the Treasurer, as a society in the shares of which trustees may invest.