Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698072465536.pdf (Guyana)
''.,; .. : ~ - , ... Bill No.

9 of 1968 PCBLlSHED 15TH JUNE, 1968 Bill No.

9 of 1968.

POST OFFICE SAVINGS BA_NK (AMENDMENT) BILL, 1968 Arrangement of SectiOOJS Section l. 2.

Short title.

Amendment of section 11 of Principal Ordinance.

A BILL Intitufod AN AcT to amend the Post Office Savings Bank Ordinance.

Enacted by the Parliament of Guy:ana:- A.[).

J96S.

I.

This Act may be cited as the Post Office Savings Bank Short title.
(Amoodment) Act, 1968, and shaJl be construed and read as one with the Post Office Savings Bank Ordinance, hereinafter referred to Cap.

m .

as the Principal Ordinance, ancl aU amendments ithereuo.

2.

The proviso to subsection ( 1) of section 11 of the Principal Amendment Ordinance is hereby amended by the ins!e;rtion after the word "moneys" ~~ :,;:c~;a1 11 of the foHowing - Ordinance.
", or such other proportion thereof as may be specified for the purposes of this proviso by order of the Governor General,".

EXPLANATORY MEMORANDUM Under the proviso to section 11 ( 1 ) of the Post Office Savings Bank Ordinance (Oap.

133), not more '!

!ban one third of the moneys in the Post Ofrice Savings Bank shall at any ti,me be or remain inv~ted illl securities of the Government of Guyana.

2.
2.

This Bill seeks f1o permit the proportion of ·funds to be in vested to be specified by order of the Governor-General.

(M.P.

P.O.S.B.

6VI).

('Bill No.

9/19'68), P. A. REID, Minister of Finance.

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