HC Deb 21 March 1961 vol 637 c343

Lords Amendment agreed to: In page 9, leave out lines 7 to 16 and insert:

"(d) to make such loans or investments as they judge desirable for the proper conduct of their affairs, being loans or investments either— (i) such as, under the enactments for the time being in force, a trustee would be authorised to make out of trust funds; or (ii) approved, or of a description approved, by the Secretary of State."—[Mr. Renton.]