The Premium Savings Bonds Regulations 1972

Interpretation

2.—(1) In these Regulations, unless the context otherwise requires—

“bond” means a premium savings bond issued by the Treasury, through the department of the Postmaster General or under the auspices of the Director of Savings, for the purpose of raising money under section 1 of the National Loans Act 1939 or section 12 of the National Loans Act 1968;

“holder” means, in relation to a bond, the person in whose name the bond is registered in the register kept by the Director of Savings;

“mentally disordered person”, in the application of these Regulations to England and Wales, means a person who is incapable, by reason of mental disorder within the meaning of the Mental Health Act 1959, of managing and administering his property and affairs;

“multiple bond” means a bond representing any number of unit bonds and entitling the holder to receive the aggregate amount of the sums repayable in respect of that number of unit bonds;

“receiver”, in the application of these Regulations to England and Wales, means, in relation to any act or thing done in respect of a mentally disordered person, a receiver or other person authorised in that behalf under Part VIII of the Mental Health Act 1959;

“Treasury Solicitor” means the Solicitor for the affairs of Her Majesty's Treasury;

“unit bond” means, in relation to bonds of any series, a bond issued on payment of the minimum amount for which a bond of that series would (apart from the provisions of Regulation 6 of these Regulations) be issued.

(2) Any reference in these Regulations to the provisions of any enactment or Regulations shall be construed, unless the context otherwise requires, as a reference to those provisions as amended by any other enactment or Regulations.

(3) The Interpretation Act 1889 shall apply for the interpretation of these Regulations as it applies for the interpretation of an Act of Parliament, and as if these Regulations and the Regulations hereby revoked were Acts of Parliament.