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Amendment of s. 35 of 7 & 8 Geo. 5. c. 31.
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39.—(1) Section thirty-five of the Finance Act, 1917, which empowers trustees to borrow and invest in war securities, shall have, and shall be deemed always to have had, effect as if for the words “are hereby expressly authorised to exercise without “the consent of any other person, such powers of borrowing, “subsection, investment, sale, or conversion, notwithstanding “anything in any instrument creating the trust” in subsection (1) thereof there were substituted the words “are hereby “expressly authorised to exercise such powers of borrowing, “subscription, investment, sale, or conversion, notwithstanding “anything to the contrary in any instrument creating the “trust, and without the consent of any other person, notwith-” standing that such consent is required by the instrument “creating the trust.”
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