Soil Conservation Act 1938

Any trustee, unless expressly forbidden by any instrument creating the trust, may invest any trust money in the trustee’s hands in stock inscribed by the Corporation or in any debentures, bonds or other securities issued in accordance with this Act, and the investment is taken to be an investment made in accordance with the Trustee Act 1925.

Any debenture or bond issued, stock inscribed, or other security issued, in pursuance of this Act, shall be a lawful investment for any money which any company, council or body corporate, incorporated by any Act, is authorised or directed to invest in addition to any other investment authorised for the investment of that money.

No notice of any express, implied or constructive trust shall be received by the Corporation or by any officer or employee of the Service in relation to any debenture or coupon issued or stock inscribed by the Corporation.