Written Answers. - Draft Scheme.
Bord na Móna in exercise of the powers conferred on it by section 6 of the Turf Development Act, 1953 (No. 19 of 1953) hereby makes the following scheme—
1. This scheme may be cited as the Turf Development Act 1953 (General Employees) Superannuation (Amendment) (No. 8) Scheme 1972.
2. The Turf Development Act, 1953 (General Employees) Superannuation Scheme 1956 is hereby amended as follows:
The following is hereby substituted for Regulation 5.
"All contributions shall be paid to the Trustees. The Trustees shall open a bank account in the bank approved by the Board and all moneys received by the Trustees shall be paid into the said Account. The moneys standing to the credit of the Trustees in the bank shall from time to time as occasion requires be invested by the Trustees in the joint names of the Trustees save that any investment in stocks or shares may be vested in the name of the nominee company of the Allied Irish Investment Bank Limited that is Allied Irish Holdings Limited, for the Trustees and all property (save such stocks and shares as aforesaid) for the time being representing the fund shall be vested in the Trustees jointly."