Select Committee on Culture, Media and Sport Uncorrected Evidence



ANNEX A

SCHEDULES

FIRST SCHEDULE

PART II

NARROWER-RANGE INVESTMENTS REQUIRING ADVICE

  1.  In securities issued by Her Majesty's Government in the United Kingdom, the Government of Northern Ireland or the Government of the Isle of Man, not being securities falling within Part I of this Schedule and being fixed-interest securities registered in the United Kingdom or the Isle of Man, Treasury Bills or Tax Reserve Certificates.

  2.  In any securities the payment of interest on which is guaranteed by Her Majesty's Government in the United Kingdom or the Government of Northern Ireland.

  3.  In fixed-interest securities issued in the United Kingdom by any public authority or nationalised industry or undertaking in the United Kingdom.

  5.  In fixed-interest securities issued in the United Kingdom by the International Bank for Reconstruction and Development, being securities registered in the United Kingdom.

  9.  In loans to any authority to which this paragraph applies charged on all or any of the revenues of the authority or on a fund into which all or any of those revenues are payable, in any fixed-interest securities issued in the United Kingdom by any such authority for the purpose of borrowing money so charged, and in deposits with any such authority by way of temporary loan made on the giving of a receipt for the loan by the treasurer or other similar officer of the authority and on the giving of an undertaking by the authority that, if requested to charge the loan as aforesaid, it will either comply with the request or repay the loan.

  This paragraph applies to the following authorities, that is to say—

    (a)  any local authority in the United Kingdom;

    (b)  any authority all the members of which are appointed or elected by one or more local authorities in the United Kingdom;

    (c)  any authority the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom, being an authority which by virtue of any enactment has power to issue a precept to a local authority in England and Wales, or a requisition to a local authority in Scotland, or to the expenses of which, by virtue of any enactment, a local authority in the United Kingdom is or can be required to contribute;

    (d)  the Receiver for the Metropolitan Police District or a combined police authority (within the meaning of the Police Act, 1946);

    (e)  the Belfast City and District Water Commissioners.

November 2000


 
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