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Regulation 3 Issue, purchase and registration of bonds

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Bonds shall be issued at such places as the Director of Savings shall determine and by such persons as he shall authorise.

(2)

An application to purchase a bond shall be made in a manner approved by the Director of Savings, and, for the purposes of any such application, the applicant shall deliver to the Director of Savings such documents and other information in writing as he may require.

(3)

The Director of Savings shall cause such entries to be made in a register kept by him as are necessary to show the names of the holders of bonds.

(4)

A bond shall not be transferable.