Clause 2

Section 11 of the Central Provident Fund Ordinance (hereinafter in this Act referred to as “the Ordinance”) is hereby amended by deleting the words “at two and one half per centum per annum and credited to the member of the Fund before such withdrawal notwithstanding that the rate of interest subsequently declared by the Board in respect of that year may be greater than two and one half per centum per annum” appearing in the proviso to subsection (2) thereof and substituting therefor the words “at the rate declared by the Board for the preceding year, or at such lower rate not being less than two and one half per centum per annum as the Board may determine”.