38Common fund

38 Common fund

(1)  *[Section 38 Subsection (1) amended by No. 36 of 1958, s. 4 and Sched. 3 ]**[Section 38 Subsection (1) amended by No. 20 of 1995, s. 3 and Sched. 1 ]*Subject to this Act all capital moneys, however arising, vested in the Public Trustee, shall become one common fund, and shall be invested as provided by section forty .

(2)  Investments made from the common fund shall not be made in the name, or on account of, any particular estate.

(3)  Subject to this Act, interest earned by such investments shall be paid into the common fund.

(4)  *[Section 38 Subsection (4) amended by No. 20 of 1995, s. 3 and Sched. 1 ]*The interest payable to the respective estates, the moneys of which form the common fund, shall be at such rate as may be determined by the Board.

(5)  [Section 38 Subsection (5) omitted by No. 20 of 1995, s. 3 and Sched. 1 ].  .  .  .  .  .  .  .