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National Health Service (Scotland) Act 1978

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This is the original version (as it was originally enacted).

4The Research Trust shall have power to purchase land and to invest in any securities in which trustees are authorised to invest under or in pursuance of the [1921 c. 58.] Trusts (Scotland) Act 1921 ; and they may—

(a)retain any investment which they from time to time receive;

(b)make a narrower-range investment falling within Part II of Schedule 1 to the [1961 c. 62.] Trustee Investments Act 1961 without first obtaining advice as required by section 6 of that Act;

(c)invest in the units of a unit trust scheme or in participation certificates or in any form of participation under any trust or scheme having the effect of enabling persons to participate in the profits and income arising from the acquisition, holding, management or disposal of securities or of land.

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