TMI BlogInvestment of trust-money.X X X X Extracts X X X X X X X X Extracts X X X X ..... securities, and on no others:-- (a) in promissory notes, debentures, stock or other securities of any State Government or of the Central Government, or of the United Kingdom of Great Britain and Ireland: Provided that securities, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government, shall be deemed, for the purposes of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in Council under the authority of an Act of Parliament of the United Kingdom and charged on the revenues of India or which was issued by the Secretary of State on behalf of the Governor-General incouncil under the provisions of Part XIII of the Government of India Act, 1935; (c) in stock or debentures of, or shares in. Railway or other Companies the interest whereon shall have been guaranteed b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he trustees of the port of Karachi; (e) on a first mortgage of immovable property situate in any part of the territories to which this Act extends [1][***]: Provided that the property is not a leasehold for a term of years and that the value of the property exceeds by one-third, or, if consisting of buildings, exceeds by one-half, the mortgage-money; [2][(ee)in units issued by the Unit Trust ..... X X X X Extracts X X X X X X X X Extracts X X X X
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