Savings Banks Act, 1880

Definitions.

26 & 27 Vict. c. 87.

5. In this Act, unless the context otherwise requires—

. . . . . . . .

The expression “prescribed” means prescribed by the regulations made under this Act.

The expression “trustee savings bank” means a savings bank to which the Trustee Savings Banks Act, 1863, extends.

The expression “savings bank authority” means as regards any trustee savings bank the trustees of that bank, and as regards the Post Office Savings Banks the Postmaster General.

The expression “trustees” includes managers.

A savings bank year shall be reckoned as the twelve months ending, in the case of a trustee savings bank, on the twentieth day of November, and in the case of a Post Office Savings Bank, on the thirty-first day of December.

34 & 35 Vict. c. 17.

38 & 39 Vict. c. 13.

In computing time for the purposes of this Act there shall be excluded every Sunday and every day which is a holiday within the meaning of the Bank Holidays Act, 1871, and the Holidays Extension Act, 1875.

Amendment of 26 & 27 Vict. c. 87, s. 29, as to the separate surplus fund of trustee savings banks.

6. Nothing in section twenty-nine of the Trustee Savings Banks Act, 1863, shall require the trustees of any trustee savings bank to ascertain, certify, and pay over annually to the National Debt Commissioners the amount of any increased stock and property, except when they are required so to do by the said Commissioners, and any amount so paid over shall carry interest at the same rate as any other sums standing to the credit of the said trustee savings bank.

[S. 7 rep. 57 & 58 Vict. c. 56 (S.L.R.)]