Regulation 25

All accounts, assets and liabilities of and relating to the Fund of 1923 shall be transferred to the Fund as at 1st January 1955 and the amounts standing to the credit of the donations side of the accounts of members of the Fund of 1923 who give notice in writing to the Council that they wish to avail themselves of the provisions of rule 9 shall be transferred to the credit of the Council’s donations account: Provided that where the amount standing to the credit of the donations side of the account of a member of the Fund of 1923 who before 31st December 1955 has given notice in writing to the Council that he wishes to avail himself of the provisions of rule 9 includes a gratuity or sum of money credited to the Fund of 1923 in accordance with rule 8 of the Municipal (Superannuation Fund for Subordinate Employees (1923)) Rules 19365, or rule 10 of the Singapore City Council Superannuation Fund for Subordinate Employees Rules 19546, then the amount of such gratuity and the interest thereon and accumulations thereof shall not be transferred as aforesaid but shall be credited to a donations account in the name of such member and shall continue to participate in the apportionment of interest in accordance with rule 17 until such time as he shall cease to be a member of the Fund when, subject to section 12(5) of the Act, the total amount then standing to the credit of such donations account shall be paid to him, or in the case of his death to his trustees or legal personal representatives, in addition to any other amount payable under these Rules.5 Not published in the Gazette.6 Not published in the Gazette.