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(1)For the purposes of section 543(1)(f) “expenditure” includes expenditure of a capital nature.
(2)None of the following is “expenditure” for those purposes—
(a)the investment of any of the charitable trust's funds,
(b)the making of a loan by the charitable trust, or
(c)the repayment by the charitable trust of the whole or a part of a loan made to it.