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Post Office Act 1969

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Part IIAmendments of the Post Office Savings Bank Act 1966

Provision amended and Subject-matter thereofAmendment
Section 1 (investment deposits).

In subsection (1), for the words " received under the Post Office Savings Bank Act 1954 (in this Act referred to as ' the principal Act') may be so " there shall be substituted the words

may be;

in subsection (2), the words " made in a post office savings bank" shall be repealed; and, in subsection (3), after the words "The following provisions of" there shall be inserted the words

the Post Office Savings Bank Act 1954, in this Act referred to as.

Section 2 (terms of investment deposits).

In subsection (1), for the words " as the Postmaster General may from time to time by regulations made with the consent of the Treasury prescribe" there shall be substituted the words

as the Treasury may from time to time by regulations prescribe,

and for the words " the Postmaster General " (where secondly occurring) there shall be substituted the words

the Director of Savings;

in subsection (2), the words " the Postmaster General's" shall be omitted; and, in subsection (4), for the words

The Postmaster General

there shall be substituted the words

The Director of Savings.

Section 4 (investment by National Debt Commissioners).

In subsection (1), for the words " the Postmaster General with the consent of the Treasury " there shall be substituted the words

the Treasury;

in subsection (2), for the words " the Postmaster General with the consent of the Treasury " there shall be substituted the words

the Treasury

and for the words " to the Postmaster General" there shall be substituted the words

to the Director of Savings;

and, in subsection (3), for the words " the Postmaster General" there shall be substituted the words

the Director of Savings.

Section 6 (making of deposits).

For the words " the Postmaster General " there shall be substituted the words

the Treasury.

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