Clause 26
Security of Government
of Post Office Savings Bank of Singapore Bill
BillNot in forceProvision 38 of 51
Clause 26
The repayment of all moneys deposited in the Bank together with interest thereon is guaranteed by the Government and accordingly, if at any time the assets of the Bank shall be insufficient to pay the lawful claims of every depositor, such deficiency shall be charged and paid out of the Consolidated Fund and the Minister for Finance shall certify such deficiency to Parliament without delay.