Industrial Assurance and Friendly Societies Act 1948 (Repealed)
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Change 1
19 Provisions as to investment by registered societies and certain other bodies.
(1)—(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) It is hereby declared that nothing in section forty-four of the Act of 1896 (which enacts that the trustees of a registered society may invest its funds to any amount in the ways therein mentioned, including investment in the Post Office Savings Bank or in any savings bank certified under the Trustee Savings Banks Act 1863), . . . is to be construed as imposing any obligation on any savings bank authority as respects their or his receiving any such funds, money or capital. In this subsection the expression “savings bank authority” has the meaning assigned to it by subsection (3) of section ten of the Savings Banks Act 1920. (6) This section shall extend to Northern Ireland.
19 Provisions as to investment by registered societies and certain other bodies.
(1)—(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) It is hereby declared that nothing in section forty-four of the Act of 1896 (which enacts that the trustees of a registered society may invest its funds to any amount in the ways therein mentioned, including investment in the Post Office Savings Bank or in any savings bank certified under the Trustee Savings Banks Act 1863), . . . is to be construed as imposing any obligation on any savings bank authority as respects their or his receiving any such funds, money or capital. In this subsection the expression “savings bank authority” has the meaning assigned to it by subsection (3) of section ten of the Savings Banks Act 1920. (6) This section shall extend to Northern Ireland.
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