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The Post Office Savings Bank.
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29.—(1) Until the Oireachtas otherwise provides, the statutes and statutory orders and regulations relating to the Post Office Savings Bank of the late United Kingdom of Great Britain and Ireland (in this section referred to as the British Post Office Savings Bank) which were in force immediately before the establishment of Saorstát Eireann shall (save as is otherwise provided by this section) apply and be deemed always to have applied, with the necessary modifications (including in particular the substitution, where appropriate, of the Minister for Finance for the National Debt Commissioners), to the Post Office Savings Bank (in this section referred to as the Irish Post Office Savings Bank) formerly carried on by or under the authority of the Government of Saorstát Eireann and, since the enactment of the Constitution, carried on by or under the authority of the Government.
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(2) Notwithstanding anything contained in the foregoing sub-section of this section, modifications which have been made since the establishment of Saorstát Eireann in the administration of the Irish Post Office Savings Bank, and in particular modifications in relation to limitations on the amounts of deposits, or in relation to withdrawals, or in relation to deposits by means of postage stamps and savings stamps, shall be deemed to be and always to have been lawful and valid, notwithstanding that such modifications may not have been authorised by the statutes, orders, and regulations applied by the said foregoing sub-section or may not have been made in the manner prescribed by those statutes, orders, and regulations.
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