The Trustee Savings Banks Life Annuity Regulations 1930 shall be amended as follows:—
(a) In Regulation 11, for the words “credited to the general account kept by the Commissioners on account of sums due to the Savings Bank in respect of savings account deposits” , there shall be substituted the words “paid to Trustees” ;
(b) In Regulation 12, for the words “The Commissioners shall credit the amounts required to pay the annuities falling due on the dates last mentioned to the general account kept by the Commissioners on account of sums due to the Savings Bank in respect of savings account deposits in their Books on such dates and shall send a notification of such credit to the Trustees” , there shall be substituted the words “The Commissioners shall pay to the Trustees the amounts required to pay the annuities falling due on the dates last mentioned on such dates” .