Government Savings Bank Act Amendment Act 1926 (WA)

1926. ] Government Savings Bank. [No. 13.

GOVERNMENT SAVINGS BANK.

17° GEO. V., No. XI II.

No. 13 of 1926.

AN ACT to amend the Government Savings Bank Act,

1906.

[Assented to 11th October, 1926.]

Council and Legislative Assembly of Western Australia, inBE it enacted by the King's Most Excellent Majesty, byand with the advice and consent of the Legislative

this present Parliament assembled, and by the authority

of the same, as follows :—

1.    This Act may be cited as the Government Savings Short title.

Bank Act Amendment Act, 1926, and shall be read as one with the Government Savings Bank Act, 1906, herein. after referred to as the principal Act.

2.    (1) The Government Savings Bank shall hereafter Change of name of

be known as " The State Savings Bank of Western Aus- 183:Igtagrof	Western Australia.
tralia."
(2) Section three of the principal Act is hereby amended by substituting for the words " Savings Bank' means the Government Savings Bank," the words " State Savings Bank' means the State Savings Bank of Western Australia."
(3) Section four of the principal Act is hereby imended by substituting for the words " Government Savings Bank " the words " State Savings Bank of Western Australia."
(4) Wherever in the principal Act the expression " Savings Bank " or " Government Savings Bank " occurs, the expression " State Savings Bank " is hereby sub- stituted therefor.

No. 13.] Government Savings Bank. [1926.

Repeal of sec. 10. 3. Section ten of the principal Act is hereby repealed.

.A6mendment of see. 4. The proviso to subsection (2) of section sixteen of

I

the principal Act is hereby amended, by inserting after the word " month," in the second line, the words " or on the earliest day on which the State Savings Bank is open in any month," and by inserting after the word " month," in the fourth line, the words " or on the latest day on which the State Savings Bank is open in any month."

Deposits to be	5.	A section is inserted in the principal Act as follows :-
menta.for trust

authorised invest-

money. 18A. The State Savings Bank shall be deemed to be an incorporated bank within the meaning of section five of the Trustee Act, 1900, and trustees may invest or deposit trust funds in the State Savings Bank at a prescribed rate of interest on fixed deposit or other- wise.

Amendment of 6.

(1) Section nineteen of the principal Act is amended

by deleting paragraph (d) and by inserting in lieu thereof

a paragraph as follows :-

sees. 19 and 22.

" (d) pay or divide the balance to or between the person or persons who appear to the Attorney General to be entitled to the effects of the deceased according to the Administration Act, 1903, or the Statutes of Distribution."

(2) Section twenty-two of the principal Act is amended by inserting immediately before the words " Statutes of Distribution " the words " Administration Act, 1903, and the."

Amendment of	7. Section twenty-seven of the principal Act is hereby
Sec. 27.

See Vie. No. 2729,	amended by adding thereto a paragraph as follows :—
see. 67 (b).

" (e) in the purchase of land and the erection of buildings thereon for use in the conduct of the operations of the State Savings Bank."

Repeal of see. 35. 8. Section thirty-five of the principal Act is hereby

repealed.