Section 252: Investment of sinking fund.

(1) All monies appropriated under section 250 of this Act as contributions to the sinking fund established for any loan shall be paid to the trustees appointed under section 245 of this Act and may be invested in such securities as are specified in the Trustee Investments Act.
(2) The trustees may, from time to time, with the approval of the appropriate authority vary any investment made pursuant to subsection (1) of this section or may realise and re-invest any moneys invested under that subsection.
(3) The dividends, interest, bonus and other profits of any investment of any part of any sinking fund shall be invested by the trustees so as to form a part of that sinking fund in like manner as moneys appropriated under section 250 of this Act as contributions to that sinking fund.