Clause 1
Short title
This Ordinance may be cited as the Public Trustee (Amendment) Ordinance, 1961.
/akn/sg/act/bill/1961/136
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
Quick answer
Public Trustee (Amendment) Ordinance is Singapore Bill, cited as Bill 136 1961, currently marked in force and first recorded in 1961.
Short title
This Ordinance may be cited as the Public Trustee (Amendment) Ordinance, 1961.
Amendment of section 6
Subsection (7) of section 6 of the Public Trustee Ordinance is hereby deleted and the following substituted therefor: —“(7) Where any trust money which is not included in the investment account of the Common Fund is normally insufficient to earn bank interest if kept in a bank current account the money may be kept in a general banking account or deposited in any bank and any interest allowed by the bank shall be paid into the Consolidated Fund.”.
Amendment of section 14
Subsection (4) of section 14 of the Public Trustee Ordinance is hereby amended by deleting the word “February” appearing in the first line thereof and substituting therefor the words “April or such later month as the Minister may appoint for that purpose”.