Approved Investments Act, 1933

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Approval of securities by the Minister.

9.—(1) Whenever the Committee furnishes to the Minister in pursuance of this Act a list of securities suitable for the investment of a particular government fund or particular government money, the Minister may, if and as he thinks proper, approve of all or any one or more of such securities as securities suitable for such investment as aforesaid.

(2) Whenever the Committee advises the Minister in pursuance of this Act that a particular security is suitable for the investment of a particular government fund or particular government money, the Minister may, if he so thinks fit, approve of such security as a security suitable for such investment as aforesaid.

(3) No approval under this section of the whole or any part of a list of securities nor any approval under this section of a particular security shall be given after the expiration of two years and six months from the passing of this Act.