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Regulation 7 Applications for payment

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(1)

Application for payment of the sum repayable, or of any other sum payable, in respect of a bond shall (subject to the provisions of these Regulations relating to payment in the case of special classes of persons) be made by the holder of the bond in writing in a manner approved by the Director of Savings.

(2)

In the case of a multiple bond, an application may be made for repayment in respect of any number of the unit bonds represented by the multiple bond.

(3)

A holder of a bond, being a person who has attained the age of sixteen years, may, subject to the approval of the Director of Savings, authorise any person to apply for or receive on his behalf the sum repayable, or any other sum payable, in respect of the bond.