Amendment of principal Regulations2

The National Savings Bank Regulations 19722 shall be amended by substituting the following for regulation 43 –

43

For the purpose of section 5 of the National Savings Bank Act 19713 (which relates to the calculation of interest on ordinary deposits), and without prejudice to section 7 of that Act4 (which relates to the withdrawal of deposits), money deposited by way of ordinary deposit and withdrawn under and in accordance with these Regulations shall, where payment is made by warrant, be deemed to have been withdrawn on the date appearing on the warrant, such date to be no earlier than the date on which the warrant is posted.