Section 7

on deposit in any bank, in or outside Malaysia, in any currency including the ringgit;

National Trust Fund 9

in any of the investments authorized by the Trustee

Act 1949 [Act 208] or the *Trustee Investment Act 1965 [Act 36 of 1965];

in securities with fixed or variable rates of interest in any currency including the ringgit issued or to be issued by Malaysia, any foreign country which is a member of the OECD, any institution where the securities are fully guaranteed by any country which is a member of the OECD, or any international financial institution:

Provided that the maturity period of any such security which is denominated in a foreign currency shall not exceed ten years;

in money market instruments, including treasury bills, bankers’ acceptances and certificates of deposit in any currency including the ringgit with maturity periods not exceeding one year;

in loans, on terms remunerative to the Fund, to the

Federal Government or the Government of any State in

Malaysia;

in loans, on terms remunerative to the Fund, to any public authority or corporation in which the Federal

Government has an interest;

in advances for the purpose of assisting the exploration and development of minerals and the growing, processing or marketing of any primary produce to—

any authority formed under any written law in the Federation; and

in precious metals including gold, silver, platinum and palladium; and

as otherwise authorized by the Minister.

In granting any authorization under this section the Minister may impose such terms or conditions as he may consider necessary.

The total investment referred to in paragraphs (1)(f) and (g)

shall not at any time exceed twenty percentum of the disposable assets of the Fund.

Investments referred to in paragraph (1)(e) shall not at any time exceed five percentum of the disposable assets of the

Fund.

Administration fees