The Savings Contracts Regulations 1969

PRELIMINARY

Citation and commencement

1.  These Regulations may be cited as the Savings Contracts Regulations 1969, and shall come into operation on 1st October 1969.

Interpretation

2.—(1) In these Regulations, unless the context otherwise requires—

“amount repayable”, in relation to a savings contract, includes any bonus or interest which has become payable under the contract;

“the authority” means, in relation to a savings contract under which contributions are payable, or, if contributions have ceased to be payable, were last payable, to the Director of Savings, the Director of Savings, and, in relation to a savings contract under which contributions are payable, or, if contributions have ceased to be payable, were last payable, to a trustee savings bank or the Birmingham Municipal Bank, that trustee savings bank or the Birmingham Municipal Bank, as the case may be;

“contributor” means a person who has agreed to pay contributions under a savings contract;

“mentally disordered person”, in the application of these Regulations to England and Wales, means a person who is incapable, by reason of mental disorder within the meaning of the Mental Health Act 1959, of managing and administering his property and affairs;

“receiver”, in the application of these Regulations to England and Wales, means, in relation to any act or thing done in respect of a mentally disordered person, a receiver or other person authorised in that behalf under Part VIII of the Mental Health Act 1959;

“savings contract” means an agreement to pay contributions to the Director of Savings, a trustee savings bank or the Birmingham Municipal Bank under a contractual savings scheme certified by the Treasury in accordance with section 53(2) of the Finance Act 1969;

“Treasury Solicitor” means the Solicitor for the affairs of Her Majesty's Treasury;

“trustee savings bank” means any trustee savings bank within the meaning of the Trustee Savings Banks Act 1969.

(2) Any reference in these Regulations to the provisions of any enactment shall be construed, unless the context otherwise requires, as a reference to those provisions as amended by any other enactment.

(3) The Interpretation Act 1889 shall apply for the interpretation of these Regulations as it applies for the interpretation of an Act of Parliament.