Section 29: Creation of sinking fund.

The Nigeria High Commission shall, for the purpose of forming such sinking fund, from time to time place at interest or invest so much of the money so remitted to them as aforesaid as shall not be required for the payment of interest for the current half-year in the purchase of such securities as may, from time to time, be approved by the Minister, and shall also place at interest or invest the accumulations of interest or the dividends, interest or produce of such investments in the purchase of like securities, and may from time to time, change any such investment, and shall hold such fund in trust for repayment of the principal moneys for the time being represented by the stock.
[1951 No. 33.]