Post Office Savings Bank of Singapore Bill
Table of Contents
Long Title
Enacting Formula
Part I PRELIMINARY
1 Short title and commencement
2 Interpretation
Part II ESTABLISHMENT, INCORPORATION, FUNCTION, POWERS AND CONSTITUTION OF THE BANK
3 Establishment and incorporation of the Bank
4 Objects of the Bank
5 Powers of the Bank
6 Common seal
7 Board of Directors
8 Chairman
9 Salaries, fees and allowances payable to directors
10 Vacation of office of director
11 Filling of vacancies in the office of director
12 Meetings of directors
13 Director’s interest in contract to be made known
14 Validity of acts of directors
15 Secrecy
16 Directions by the Minister
Part III PROVISIONS RELATING TO STAFF, TRANSFER OF EMPLOYEES, ETC.
17 Appointment of General Manager
18 List of posts and appointment of employees
19 Transfer of employees
20 Pension schemes, provident fund, etc.
21 No entitlement in respect of abolition or re-organisation of office
22 Remuneration not to be related to profits
23 Public servants
Part IV PROVISIONS RELATING TO THE CARRYING ON OF THE BUSINESS OF THE BANK
24 Transfer of the business, etc., of the Post Office Savings Bank
25 Deposits and repayment
26 Security of Government
27 Interest rates
28 Service charge
29 Interest on loans
30 Attachment of deposits
31 Power to administer oath
32 Power to appoint attorney
33 Settlement of disputes
Part V FINANCIAL PROVISIONS
34 Bank’s financial year
35 Expenses
36 Estimates
37 General reserve fund
38 Loans
39 Investment of funds
40 Accounts
41 Audit
42 Auditor’s report
43 Annual statement of accounts
44 Annual report
45 Publication of annual report, etc.
Part VI MISCELLANEOUS
46 Exemption from stamp duty
47 Exemption
48 Validity of acts and transactions of Bank
49 Power to make rules
50 Repeal
51 Transitional provisions
Explanatory Statement
Expenditure of Public Money