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11. For regulation 8 (amount repayable when proceeds reinvested) substitute—
“8. For the purpose of determining the amount repayable in respect of a certificate where the Director of Savings consents to a request under regulation 7(1)(c) relating to the use of the amount repayable, the payment of that amount is deemed to be effected on the date recorded by the Director of Savings as the date of purchase of the other certificate or security or, as the case may be, the deposit concerned.”.
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