HC Deb 01 July 1915 vol 72 c2129

A trustee shall not be liable for any loss resulting from any borrowing under this Act or from any subscription to or investment in the loan under the War Loan Act, 1915, or the sale of any securities for the purpose of any such subscription or investment or from the exercising of any option to convert securities under that Act; and trustees and other persons acting in a fiduciary character are hereby expressly authorised to exercise such powers of borrowing, subscription, investment, or conversion.

Clause ordered to stand part of the Bill.