Clause 5

by deleting the word “bank” in the following subsections and substituting in each case the words “financial institution”:Subsections (1) (4th line), (2) (4th line), (3), (4) (1st line) and (5) (5th and 6th lines);

by inserting, immediately after the word “pay” in the 4th lines of subsections (1) and (2), the words “or cause to be paid”;

by inserting, immediately after subsection (6), the following subsection:“(7) For the purposes of this section, “financial institution” means a bank, a finance company, or any co-operative society carrying on the business of managing and investing funds.”; and

by deleting the marginal note and substituting the following section heading:“Power to stop payment of money held by financial institution”.