Section 7

The Bank shall have a common seal and such seal may, from time to time, be broken, changed, altered and made anew as to the Bank seems fit, and, until a seal is provided under this section, a stamp bearing the inscription “Post Office Savings Bank of Singapore” may be used as the common seal.

All deeds, documents and other instruments requiring the seal of the Bank shall be sealed with the common seal of the Bank by authority of the directors in the presence of the General Manager and of some other person duly authorised by the directors to act in that behalf and shall be signed by the General Manager and by such duly authorised person, and such signing shall be sufficient evidence that the common seal of the Bank has been duly and properly affixed and that the seal is the lawful common seal of the Bank.

The directors may by resolution or otherwise appoint an officer of the Bank or any other agent either generally or in a particular case to execute or sign on behalf of the Bank any agreement or other instrument not under seal in relation to any matter coming within the powers of the Bank.

Section 12 of the Registration of Deeds Act [Cap. 269] shall not apply to any instrument purporting to have been executed under subsection (2). [6