Savings Banks Act, 1920
|
Laying of draft regulations before Parliament. 24 & 25 Vict. c. 14. |
6.—(1) Before any regulations are made either by the Postmaster-General with respect to the Post Office savings bank or by the Treasury with respect to trustee savings banks, a draft thereof shall be laid before each House of Parliament for a period of not less than twenty days during the session of Parliament, and, if either House before the expiration of that period presents an Address to His Majesty against the draft of any part thereof, no further proceedings shall be taken thereon, but without prejudice to the making of any new draft regulations. | |
(2) All regulations made by the Postmaster-General or by the Treasury as aforesaid shall come into operation on the date specified therein that behalf, and shall have effect as if enacted in this Act. | ||
(3) So much of section eleven of the Post Office Savings Bank Act, 1861 , as requires copies of regulations to be laid before both Houses of Parliament shall cease to have effect. |