26 Modes of investment or application of capital money
Universities and College Estates Act 1925 (1925 c 24) | Legislation

Investment or other application of Capital Money

26  Modes of investment or application of capital money

(1)     Capital money paid, whether before or after the commencement of this Act, to the Minister under this Act, or under any enactment hereby repealed [or paid to a university or college under this Act] [or paid to a university or college under this Act], and the proceeds of sale of securities representing any such money, may, with the consent of the Minister, be applied by a university or college to any of the following purposes:—

[(i)     In investments in which trustees may invest under the general power of investment in section 3 of the Trustee Act 2000 (as restricted by sections 4 and 5 of that Act);]

(ii)     In discharge, purchase, or redemption of incumbrances affecting the inheritance of land belonging to the university or college, or of < . . . > , rentcharge in lieu of tithe, Crown rent, chief rent, or quit rent, charged on or payable out of the land, or of any charge in respect of an improvement created on an holding under the [Agricultural Holdings Act 1986], or any similar previous enactment;

(iii)

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