Regulation 8 Amount repayable when proceeds reinvested

For the purpose of determining the amount repayable in respect of acertificate where repayment is not made by warrant because the proceedsare used to purchase another certificate or a National Savings CapitalBond, the payment of the amount repayable shall be deemed to be effectedon the date entered in the records kept by the Director of Savings asthe date of such purchase.