Cap. 167 Art. 10Disposal of monies.

(1) Subject to the provisions of this Ordinance monies in the Savings Bank shall not be applied in any way to the purposes of the Government of Malta but, except so far as any sums may be prescribed to be kept in hand for the general purposes of the Savings Bank, shall be deposited in the Treasury of the Government of Malta and accounted for separately, and shall be invested by the Accountant General on behalf of the Savings Bank in such manner as he may, with the approval of the Minister responsible for finance, deem proper, or in accordance with such directions as the Minister responsible for finance may give.

(2) Any sums of money that may from time to time be required for the repayment of any deposits under the authority of this Ordinance, or for the payment of interest thereon or expenses incurred in carrying out the objects of this Ordinance, may be raised by the sale of the whole or part of such securities: Provided that any sums of money which may be required for the purposes aforesaid may, until they can be raised by the sale of such securities, with the approval of the Minister responsible for finance, be advanced to the Savings Bank by the Accountant General -

(a) out of the general revenues of the Government of Malta, or

(b) out of monies which the Accountant General may acquire for that purpose from such other sources and subject to such conditions as the Minister responsible for finance may approve, and such advances shall bear interest at such rate as may be fixed from time to time by the Minister responsible for finance.