Hong Kong Ordinances

BREWIN TRUST FUND ORDINANCE - SECT 9

Investment of moneys

(1) Subject to subsections (2) to (5), the trustee may invest any moneys of
the fund in such investments, whether or not such investments are trust
investments, as the committee may direct. (Amended 92 of 1991 s. 6)

(2) If the committee so directs, the trustee shall employ such professional
person or financial institution as may be nominated by the committee to manage
the investment of all or part of the moneys of the fund invested by the
trustee under subsection (1). (Added 92 of 1991 s. 6)

(3) A person or institution appointed under subsection (2) shall, in
performing his or its functions, act in accordance with any direction of the
committee in respect of those functions conveyed to him or it in writing from
time to time by the trustee. (Added 92 of 1991 s. 6)

(4) The trustee shall not be responsible for the consequences of any act or
omission of a person or institution employed under subsection

(2) if he or it was employed in good faith. (Added 92 of 1991 s. 6)

(5) All salaries and fees of a person or institution employed under subsection
(2) shall be paid by the trustee out of the fund. (Added 92 of 1991 s. 6)