NARROWER-RANGE INVESTMENTS REQUIRING ADVICE
1. In securities issued by Her Majesty's
Government in the United Kingdom, the Government of Northern Ireland
or the Government of the Isle of Man, not being securities falling
within Part I of this Schedule and being fixed-interest securities
registered in the United Kingdom or the Isle of Man, Treasury
Bills or Tax Reserve Certificates.
2. In any securities the payment of interest
on which is guaranteed by Her Majesty's Government in the United
Kingdom or the Government of Northern Ireland.
3. In fixed-interest securities issued in
the United Kingdom by any public authority or nationalised industry
or undertaking in the United Kingdom.
5. In fixed-interest securities issued in
the United Kingdom by the International Bank for Reconstruction
and Development, being securities registered in the United Kingdom.
9. In loans to any authority to which this
paragraph applies charged on all or any of the revenues of the
authority or on a fund into which all or any of those revenues
are payable, in any fixed-interest securities issued in the United
Kingdom by any such authority for the purpose of borrowing money
so charged, and in deposits with any such authority by way of
temporary loan made on the giving of a receipt for the loan by
the treasurer or other similar officer of the authority and on
the giving of an undertaking by the authority that, if requested
to charge the loan as aforesaid, it will either comply with the
request or repay the loan.
This paragraph applies to the following authorities,
that is to say
(a) any local authority in the United Kingdom;
(b) any authority all the members of which
are appointed or elected by one or more local authorities in the
(c) any authority the majority of the members
of which are appointed or elected by one or more local authorities
in the United Kingdom, being an authority which by virtue of any
enactment has power to issue a precept to a local authority in
England and Wales, or a requisition to a local authority in Scotland,
or to the expenses of which, by virtue of any enactment, a local
authority in the United Kingdom is or can be required to contribute;
(d) the Receiver for the Metropolitan Police
District or a combined police authority (within the meaning of
the Police Act, 1946);
(e) the Belfast City and District Water Commissioners.