Approved Investments Act, 1933


1.—In this Act—

the expression “the Minister” means the Minister for Finance;

the expressions “government fund” and “government money” mean respectively a fund and money which is under the control of a Minister who is head of a Department of State and may lawfully be invested but do not include the sinking fund in connection with any National Loan, nor the Land Bond Fund, nor the Costs Fund established by section 5 of the Land Act, 1923 (No. 42 of 1923), nor moneys for the time being standing to the credit of the Exchequer Account;

the word “security” means the stocks, shares, debentures, bonds, and obligations of any government, municipal corporation, company, or other corporate body;

the expression “approved investment” means a security which is for the time being approved under this Act for the investment of government funds or government moneys;

the expression “Shareholding Bank” means a bank which is for the time being a shareholding bank within the meaning of the Currency Act, 1927 (No. 32 of 1927);

the word “prescribed” means prescribed by regulations made by the Minister under this Act.