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 8. The stocks of railways and canals in Great Britain or Ireland leased for not less than two hundred years at a fixed rental to any railway included under 7, g. Debenture stocks of Indian Railways sterling paid or guaranteed by the Secretary of State in Council of India.

9. Debenture stocks of Indian Railways sterling paid or guaranteed by the Secretary of State in Council of India.

10. Certain Indian Railway Annuities.

11. Indian Railway ordinary stocks with a dividend guaranteed by the Government.

12. Debenture guaranteed or preference stocks of British water companies which have paid 5 per cent. during each of the ten years before the investment.

13. The stocks of municipal boroughs with a population exceeding 50,000 or of any County Council.

14. Stocks issued by Commissioners incorporated by Parliament to supply water and having compulsory power to levy rates over an area with a population of 50,000, provided that during the previous ten years the rates levied have not exceeded 80 per cent. of the rates authorized.

15. Any securities authorized for the investment of cash under the control or subject to the order of the High Court. Its list includes mortgages of freehold and copyhold estates in England and Wales and debenture guaranteed