Cap. 167 Art. 3Establishment of Savings Bank.

(1) From and after the commencement of this Ordinance there shall be a Government Savings Bank in and for Malta and, upon such commencement, the Malta Government Savings Bank and all offices thereof subsisting at the time when this Ordinance comes into force shall be deemed to be constituted and established under this Ordinance.

(2) All deposits made, and all entries made in depositors’ passbooks, and all monies invested in securities remaining unsold at the commencement of this Ordinance, and all other business transacted in the Savings Bank prior to the commencement of this Ordinance shall, so far as may be consistent with the provisions of this Ordinance, be deemed to be deposits and entries made, monies invested and Savings Bank business transacted under this Ordinance.