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Act 7, 1947 (VII) – Act anent Congregational Funds on Deposit Receipt in Account of Custodier of Titles. 26th May 1947.

The General Assembly authorise the Finance Committee, on written application by the Congregations concerned, through the Congregational Court or Courts responsible, to uplift and invest, separately or in combination, in name of General Trustees’ Nominees, moneys standing at the credit of the Congregation on deposit receipt in the account of the Custodier of Titles; and, except where otherwise provided for, to add the interest received, less current administration charges, to capital, at half-yearly terms; uplifting of the principal sum being subject to due notice being given to the Treasurer of the Church and to the approval of the Custodier of Titles. The Congregation concerned shall accept the realisation value of money so invested in full settlement.