Singapore legislation

Clause 4

of Post Office Savings Bank of Singapore Bill

Clause 4

Objects of the Bank

The principal objects of the Bank shall be —

(a)

to provide means for the deposit of savings and to encourage thrift;

(b)

to mobilise domestic savings for the purpose of public development; and

(c)

to take over the functions and duties of the Post Office Savings Bank established under the Post Office Savings Bank Act (Cap. 198, 1970 Ed) and to continue to carry on its business in Singapore and elsewhere.

Read in full context — Post Office Savings Bank of Singapore Bill →