SCHEDULES

SCHEDULE 11

Government and public securities

23

(1)

The securities are investments of a specified kind creating or acknowledging indebtedness issued by or on behalf of a public authority.

(2)

Public authority” means—

(a)

the government of the United Kingdom;

(b)

the government of any country or territory outside the United Kingdom;

(c)

a local authority in the United Kingdom or elsewhere;

(d)

any international organisation the members of which include the United Kingdom or another EEA State; and

(e)

such other bodies, if any, as may be specified.