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Section one of the Trustee Act, 1893 (which specifies the securities in which trust funds may be invested) shall have effect as though there were included therein local bonds issued under this Act and mortgages of any fund or rate made after the passing of this Act under the authority of any Act or Provisional Order by a local authority (including a county council) which is authorised to issue local bonds under this Act.
§ Lords Amendment: Leave out the word "made "["fund or rate made "], and insert instead thereof the word "granted"—Agreed to.