Creation of sinking fund for redemption of debentures payable on a fixed date

In the case of debentures redeemable on a fixed date, the Crown Agents shall place at interest or invest in the purchase of such securities as may be approved by the Minister so much of the money so remitted to them under section 14 of this Act as is not required for the payment of interest for the current half-year, as a sinking fund for the final extinction of the debt, and shall also place at interest or invest in the purchase of like securities the accumulations of interest or the 9 dividends, interest or produce of these investments and may, from time to time, with the approval of the Minister, change any of the investments and hold the fund in trust for the repayment of the principal moneys for the time being represented by the debentures.