Clause 8

Subsection (1) of section 13 of the Ordinance is hereby deleted and the following substituted therefor: —“(1) Upon an application for the withdrawal of the sum of money standing to the credit of a member of the Fund by a person entitled thereto under the provisions of section 12 of this Ordinance, the Board may authorise the payment to the applicant of a sum equal to the aggregate of the amount standing to the credit of such member in the Fund and any interest calculated in accordance with the proviso to subsection (2) of section 11 of this Ordinance up to the date of such authorisation or, if the applicant is a nominee appointed in accordance with the provisions of subsection (5) of section 14 of this Ordinance, such portion of such sum as he is nominated to receive:Provided that when any contributions are due to be paid for a member of the Fund in respect of any period ending not later than the last day of the month next following the date on which the withdrawal of the sum of money standing to his credit in the Fund is authorised and such contributions are not paid to the Fund until after such date of authorisation, such contributions shall be treated as if they had been included in the amount standing to the credit of the member at the date of authorisation of withdrawal and paid to the applicant accordingly.”.