3 Investment of the Account’s funds.
1
The Treasury may cause any funds in the Account to be invested—
a
in securities or in the purchase of gold, or
b
in the acquisition of special drawing rights under the Articles of Agreement of the International Monetary Fund.
2
Any special drawing rights received or disposed of by the Government of the United Kingdom shall, in the case of receipts, be treated as assets of the Account, and in the case of disposals, be transferred from the Account.
3
In subsection (1)(a) above “securities” includes securities and assets in currency of any country and in whatever form held.
F14
Without prejudice to the reference in subsection (1)(b) above to special drawing rights, the reference in subsection (3) above to currency of any country includes a reference to units of account defined by reference to more than one currency.