12. Surrender of Bonds
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Any Debenture Bond Certificate relating to a Government Loan which has not been surrendered to the Bank or the Minister shall forthwith be surrendered to the Bank (appropriate to the Bonds affected as shown in the Schedule) for conversion as aforesaid and the Bank and the Minister shall not be bound to recognise as valid any such Bond Certificate which has not been surrendered as aforesaid within a period of one year from the commencement of this Act.
Government Loan
“Government Loan” means any loan at any time raised or which may hereafter be raised, by the Government or any loan raised before 1st April 1946 by the Government of the Straits Settlements, in accordance with the provisions of any written law for the time being in force, and which is serviced or managed by a bank on behalf of the Government;