Savings Bank Act 1895 (SA)

ANNO QUINQUAGESIMO OCTAVO ET QUINQUA-

GESIMO NON0

A. D. 1895.

No. 638.

An Act to amend sections 22 and 27 of "The Savings

Bank Act of 1875."

[Assented to, December 20th , 1895.1

E it Enacted by the Governor of the Province of South Aus-

and House of Assembly of the said province, in this present Parlia-	B tralia, with the advice and consent of the 1,egislative Council
ment assembled, as follows:

1, Section 22 of " The Savings Bank Act .of 1875 " shall not be Deposits Societies of not Friendly limited.

construed to limit the deposit which may bc received by the Savings

Bank to the credit of any Friendly Society.

2, Section 27 of " Thc Savings Bank Act of 1875" shall hereafter on Interest deposlh of be paid

bc read as if the following words were inserted therein at thc end Friendly societies

thereof, namely :-" Provided always that intcrcst shall be paid on ~; ; ~ ~ g a ~ ~ F i n,

pounds.

the full amount deposited in the Savings Bank by any such Friendly and Fifty Pounds ": Provided, however, that the rate of interest on all such sums deposited exceeding the amount of Two Hundred and Fifty Pounds may be determined from time to time by the Board of Trustees, and shall not exceed the average rate of interest at which the surplus funds of the Savings Bank are invested.

3, Except so far as inconsistent therewith, this Act shall be Inco~~r&tion.

incorporated and read as one with	The Savings Bank Act of
1875."

In thc name and on behalf of Her Majesty, I hereby assent to

this Bill. T. FOWELL BUXTON, Governor.

Adelside : By authority, C. E. BRISTOW, Government Printcr, North-terrace.