12Secrecy
(1)Subject to the following provisions of this section, the persons engaged in the receipt or payment of deposits shall not disclose the name of any depositor nor the amount deposited or withdrawn except to the Director of Savings or to such persons as may be concerned with carrying this Act into operation.
(2)Subsection (1) above shall not prevent the disclosure, by a person authorised for the purpose by the Director of Savings, of information to any person in connection with an offence committed with reference to the account of a depositor or for the purpose of ascertaining whether or not an offence has been so committed.
(3)Subsection (1) above shall have effect subject to the provisions of section 17(3) of the [1970 c. 9.] Taxes Management Act 1970 (which relates to the obtaining of information as to interest paid or credited without deduction of income tax).