5. Section 16 of the principal Act is hereby amended by the repeal of sub-section (2) of that section, and the substitution therefor of the following new sub-section: -
| " (2) Of the amounts standing to the credit of the General Reserve such proportion as may be determined by the Minister with the concurrence of the Minister of Finance, shall be invested in securities of any description referred to in section 20 of the Trusts Ordinance or in any trade or business which the Establishment may carry on under this Act; and the moneys realized from the sale of any such investment remaining after the making of any payment authorized by sub-section (3) of this section shall be reinvested in securities or in any such trade or business.". |
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Sri Lanka Consolidated Acts