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Investment of pension funds.
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5. The pension fund shall be invested by the Commissioners for the Reduction of the National Debt in such and the like securities as the said Commissioners are authorised by law to purchase on account of savings banks, and the said Commissioners shall, in respect of all such moneys, have such and the like powers as are now vested by law in the said Commissioners in respect of moneys received by them on account of savings banks; and a separate and distinct account shall be kept by the said Commissioners of all receipts, investments, sales and repayments; and a balance sheet of such account from the first of January to the thirty-first of December in every year shall be laid before both Houses of Parliament not later than the thirty-first of March in the following year.
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