Section 30

All moneys forming part of any Group Investment Fund shall be invested in such class or classes of investments as the

Corporation determines at the time when the Fund is established,

26

being investments authorized by the instrument or other authority by which the moneys are held or any investment permitted by law for the investment of trust funds.

Subject to this section, where moneys of any estate is in its possession and is available for investment but is not invested in the Common Fund, the Corporation may invest that money in any of its Group Investment Funds in which the money might lawfully be invested if the money is not directed to be invested in some other specified manner and investment in a Group

Investment Fund is not inconsistent with the terms of the trust instrument (if any) or other authority governing the money.

Investments made from moneys forming part of a Group

Investment Fund shall not be made on account of or belong to any particular estate.

Directions