SCHEDULE 1 

PART IIControlled Investments

Instruments creating or acknowledging indebtedness15

1

Subject to sub-paragraph (2), such of the following as do not fall within F3paragraph F1... 16—

a

debentures;

b

debenture stock;

c

loan stock;

d

bonds;

e

certificates of deposit;

f

any other instrument creating or acknowledging a present or future indebtedness.

2

If and to the extent that they would otherwise fall within sub-paragraph (1), there are excluded from that sub-paragraph—

a

any instrument acknowledging or creating indebtedness for, or for money borrowed to defray, the consideration payable under a contract for the supply of goods or services;

b

a cheque or other bill of exchange, a banker's draft or a letter of credit (but not a bill of exchange accepted by a banker);

c

a banknote, a statement showing a balance on a current, deposit or saving account, a lease or other disposition of property, a heritable security; and

d

a contract of insurance.

F2e

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

An instrument excluded from sub-paragraph (1) of paragraph 16 by paragraph 16(2)(b) is not thereby to be taken to fall within sub-paragraph (1) of this paragraph.