“5A Investment otherwise than in Maori Trustee's Common Fund

• “(1) Despite sections 4 and 5, the Trust Committee may, under section 24 of the Maori Trustee Act 1953, direct the Maori Trustee to invest, otherwise than in the Maori Trustee's Common Fund, money held for the purposes of the Trust.

  “(2) The care, diligence, and skill that a prudent person of business would exercise in managing the affairs of others must be exercised—

  • “(a) by the Trust Committee in giving directions under section 24 of the Maori Trustee Act 1953; and

  • “(b) subject to directions given by the Trust Committee, by the Maori Trustee in investing money held for the purposes of the Trust.”