Sri Lanka Consolidated Acts

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National Savings Bank Act (No. 30 of 1971) - Sect 18

Guarantee by the Government of Ceylon

18. The repayment of the moneys deposited in the Bank and of the interest thereon and the payment due on the surrender of a savings certificate shall be guaranteed by the Government of Ceylon and is hereby constituted a charge upon the Consolidated Fund, and if the assets of the Bank are insufficient to pay a lawful claim made by any depositor or any purchaser or holder as the case may be of a savings certificate, the deficiency shall be met accordingly.


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