Section 16

Any funds of a Port Authority not immediately required to be expended in the meeting of any of the obligations, or the discharge of any of the functions of the Port Authority may be invested from time to time in and upon such investments and securities as are allowed by law in the Federation or in Sarawak for the investment of trust funds, or in such other investments or securities as may from time to time be approved by the State Financial Secretary or may be placed on deposit in a bank or banks approved by the Port Authority.

[Mod. Swk. L.N. 68/64.]

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