Commonwealth Savings Bank Regulations (Amendment) (Cth)

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STATUTORY RULES.

1950. No..

 

REGULATION UNDER THE COMMONWEALTH BANK ACT 1945-1948.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Commonwealth Bank Act 1945-1948.

Dated this nineteenth day of October, 1950.

W. J. McKell

Governor-General.

By His Excellency’s Command,

Treasurer.

———

Amendment of the Commonwealth Savings Bank Regulations. 

After regulation 5 of the Commonwealth Savings Bank Regulations the following regulation is inserted :—

Investment of funds.

“ 5a. The Savings Bank may invest any money held by it in a loan the repayment of which is guaranteed by a person authorized to give the guarantee for and on behalf of a State.”.

 

* Notified in the Commonwealth Gazette on 1950.

  Statutory Rules 1945, No. 129.

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By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.

5126.—Price 3d. 8/10.10.1950.

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