Amendment status not verified — confirm the current text below against the official source.
Any surplus which remains after providing, so far as the court deems fit, for the objects mentioned in section 31, shall be applied in the purchase of other landed property, or invested at interest on the security of- (a) promissory notes, debentures, stock and other securities of the Government of India or of the Government of Kerala; (b) Stock, or debentures of, or share in, companies, the interest whereon has been guaranteed by the Government of India; (c) debenture or other securities for money issued by, or on behalf of, any local authority under the authority of any Act of the Legislature of any State; (d) such other securities, stock or shares guaranteed by the Government of Kerala or the Government of India as the court shall deem fit; or (e) first mortgages of immovable property situate in the State of Kerala, provided that the property is not a leasehold for a term of years and that the value of the property exceeds by one-third or, if consisting of buildings, exceeds by one-half, the mortgage money.