Creation of sinking fund

The Crown Agents shall, for the purpose of forming the sinking fund, from time to time place at interest or invest in the purchase of such securities as may from time to time be approved by the Minister so much of the money so remitted to them under section 28 of this Act as is not required for the payment of interest for the current half-year and shall also place at interest or invest in the purchase of like securities, the accumulations of interest or the dividends, interest, or produce of such 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 stock. Consolidation