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Charitable societies may invest sums not exceeding 100l. per annum, or 300l. in the whole, in savings banks.
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27. It shall and may be lawful for the trustees or treasurers of any charitable or provident institution or society in England or Ireland, or charitable donation or bequest, for the maintenance, education, or benefit of the poor, from time to time to subscribe any part of the funds of such institution or society into the funds of any savings banks, if the trustees or managers thereof shall be willing to receive the same, to the amount of one hundred pounds per annum, provided the amount of the sum to be invested by such institution or society shall not at any time exceed the sum of three hundred pounds in the whole, exclusive of interest.
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