The Savings Banks (Ordinary Deposits) (Limits) (Amendment) Order 1987

• Citation: S.I. 1987/330
• Sections: 2

Section 1

This Order may be cited as the Savings Banks (Ordinary Deposits)(Limits) (Amendment) Order 1987, and shall come into force on 3rd March 1987.

Section 2

The Savings Banks (Ordinary Deposits)(Limits) Order 1969 shall be amended in Article 3(2) by the addition of the following sub-paragraph:

(c) the receipt or crediting of any amount received or credited by the Director of Savings in contravention thereof from being treated as having been lawfully received or credited for such period as the Director of Savings, in his discretion, thinks appropriate provided that at the time the amount was received or credited the Director of Savings was unaware of the contravention and provided also that the Director considers it just and reasonable that the amount should be so treated.