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NAVAL AGENCY AND DISTRIBUTION ACT 1864 - SECT 21



21. Any money for the time being awaiting distribution, but for any reason not
immediately distributable as aforesaid, may, under the direction of the
Admiralty, be invested in or on any proper stocks, funds, or securities; and
the proceeds of those stocks, funds, or securities, and any dividends or
interest accrued due thereon, shall be distributed as the money invested would
have been distributed if an investment had not been made:

Provided, that no such investment shall be made of any money pending any
adverse claim thereto, except with the consent of the claimant.

Power to Admiralty to direct investment pending distribution.



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© 1864 Crown Copyright

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