Page:A Collection of the Acts passed by the Governor General of India in Council, 1916.pdf/5

 ACT NO. I OF 1916.

PASSED BY THE INDIAN LEGISLATIVE COUNCIL

(Received the assent of the Governor General on the 16th February, 1916.)

of 1882, of 1982.

An Act further to amend the Indian Trusts Act, 1882.

Whereas it is expedient further to amend the Indian Trusts Act, 1882 ; It is hereby enacted as follows:—

Short Title.

1. This Act may be called the Indian Trusts (Amendment) Act, 1916.

Amendment of section 20 of Act II of 1882.

2. In section 20 of the Indian Trusts Act, 1882 (hereinafter called the said Act), the following amendments shall be made, namely :-

(i) To clause (b), the following proviso shall be added, namely

“Provided that, after the fifteenth day of Febru- ary, 1916, no money shall be invested in any such annuity heing a terminable annuity unless a sinking fund has been established in connection with such annuity; but nothing in this proviso shall apply to inyostments made before the date aforesaid.”

(ii) After clause (b), the following new clause shall bo inserted, namely

“(bb) in India three and a half per cent. stock, India three per cent. stock, India two and a half per cent. stock or any other capital stock which may at any time hereafter be issued by the Secre- tary of State for India in Council under the authority of an Act of Parliament and charged on the revenues of India,"

(iii) In clause (c) after the word " Council" the words " or by the Government of India " shall be added,

3. After