S.I. No. 181/1989:

POST OFFICE SAVINGS BANK REGULATIONS, 1921 (AMENDMENT) REGULATIONS, 1989. REGULATIONS, 1989.

POST OFFICE SAVINGS BANK REGULATIONS, 1921 (AMENDMENT) REGULATIONS, 1989. REGULATIONS, 1989.

AN POST, in exercise of the powers conferred on it by section II of the Post Office Savings Bank Act, 1861, and section 103 of the Postal and Telecommunications Services Act, 1983 (No. 24 of 1983), with the consent of the Minister for Finance and after consultation with the Minister for Communications, hereby makes the following regulations with respect to which, pursuant to Section 6 (1) of the Savings Bank Act, 1920, as amended by the Postal and Telecommunications Services Act, 1983 (No. 24 of 1983), a draft has been laid, by the Minister for Finance, before each House of the Oireachtas and that no resolution opposing the draft or any part thereof has been passed by each House.

1. (1) These Regulations may be cited as the Post Office Savings Bank Act, 1921 (Amendment) Regulations, 1989.

(2) These Regulations shall come into operation on the 1st day of July, 1989.

2. The Interpretation Act, 1937 (No. 38 of 1937) applies to these Regulations.

3. Regulation 45 of the Post Office Savings Bank Regulations, 1921, is hereby amended by the substitution of "£100" for "£50" (inserted by Regulation 3 of the Post Office Savings Bank Regulations, 1921 (Amendment) Regulations, 1982 ( S.I. No. 204 of 1982 )).

GIVEN under the Common Seal of An Post this 30th day of May, 1989.

Present when the Common Seal of AN POST was affixed hereto:

GERARD HARVEY,

Director.

An Post,

General Post Office,

Dublin 1.

I, ALBERT REYNOLDS, Minister for Finance, hereby consent to the provisions of the foregoing scheme.

GIVEN under my Official Seal this 26th day of June, 1989.

ALBERT REYNOLDS,

Minister for Finance.

EXPLANATORY NOTE.

These Regulations increase the amount which may be withdrawn on demand from the Post Office Savings Bank from £50 to £100.