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Power to remove or alter temporarily limit on savings banks deposits.
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7.—(1) The Treasury may, by order, direct that any provisions of any Act by which a limit is imposed on the amount which may be deposited in savings banks shall for such time (not being longer than the duration of the present war and a period of six months thereafter) and subject to such conditions as may be specified in the order, cease to have effect, or be modified to such an extent as may be specified in the order.
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(2) Where any such order is made, the amount (if any) by which the deposit at the time when the order ceases to have effect of any person affected by the order exceeds the deposit of that person at the time when the order was made, shall, as from the time when the order ceases to have effect, be disregarded in calculating, for the purposes of any limit on the total amount which may be deposited, the amount deposited by that person.
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