the Colonial Stock Act, 1900, the securities in which a trustee

Trustee Investment in Government Securities [Cap. 267 CHAPTER 267. TRUSTEE INVESTMENT IN SIERRA LEONE GOVERNMENT SECURITIES. WHEREAS by an Act of the Imperial Parliament, known as Preamble. the Colonial Stock Act, 1900, the securities in which a trustee may invest under the powers of that Act of Parliament, known as the Trustee Act, 1893, are declared to include any Colonial Stock which is registered in the United Kingdom, in accordance with the provisions of the Colonial Stock Acts, and with respect to which there have been observed such conditions (if any) as the Lords Commissioners of the Treasury of the United Kingdom may, by order notified in the London Gazette, prescribe: AND WHEREAS the said Lords Commissioners of the Treasury of the United Kingdom have, by an order dated December 6th, 1900, prescribed as two of the said conditions that a Colony shall provide by legislation for the payment, out of the revenues of the Colony, of any sums which may become payable to stock- ~olders under any judgment, decree, rule or order of a Court In the United Kingdom, and that the Colonial Government should place on record a formal expression of their opinion that any Colonial legislation, which appears to the Imperial Government to alter any of the provisions affecting the stock Short title. Interpreta. tion. 40 & 41 Viet. c. 59. 55 & 56 Viet. c. 35. 63 & 64 Viet. c. 62. Application of Ordinance. Provisions for payment of money due to stockholders. Certificate by Crown Agents. Cap. 267] Trustee Investment in Government Securities to the injury of the stockholder, or to involve a departure from the original contract in regard to the stock, would properly be disallowed : AND WHEREAS it is expedient that provision should be made to enable advantage to be taken of the said Acts in respect of investment of trust funds in Sierra Leone Government securities:

This Ordinance may be cited as the Trustee Investmentin Sierra Leone Government Securities Ordinance.

The expression " Colonial Stock Acts" means the Acts ofthe Imperial Parliament, known as the Colonial Stock Acts, 1877 to 1900.

This Ordinance shall apply to all securities heretofore orhereafter created or issued on behalf of the Government of Sierra Leone, to which for the time being the Colonial Stock Acts apply, and which are for the time being registered in the United Kingdom in accordance with the provisions of those Acts, each and all of which securities are hereinafter referred to as "Sierra Leone Government securities."

(I) Whenever, by the final judgment, decree, rule or orderof any Court of competent jurisdiction in the United Kingdom, any sum of money is adjudged or declared to be payable by the Government of Sierra Leone, in respect of any Sierra Leone Government securities, the Government shall forthwith pay that sum out of the funds in the hands of the Crown Agents belonging to the Government, without further appropriation than this Ordinance. (2) For the purposes of this section, "final judgment, decree, rule, or order," means, in case of appeal, the final judgment, decree, rule or order of the ultimate Court hearing the appeal.

In order to enable every such payment to be duly made, acertificate, under the hands of the Crown Agents, specifying the sum so paid under order of any such Court, shall be sufficient authority to the Director of Audit or other officer having the auditing of their accounts, for passing such sum, without further appropriation. j Trustee Investment in Government Securities [Cap. 267

If at any time hereafter, an Ordinance is passed whichappears to the Imperial Government to alter any of the provisions affecting the Government securities, to the injury of the holder thereof, or to involve a departure from the original contract in regard to these securities, that Ordinance shall properly be disallowed. Disallowance of conflicting Ordinances.