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Section 4

Term of treasury deposits

of Treasury Deposit Receipts Act 1952

ActIn forceProvision 4 of 12
Section 4

Any person making a deposit under section 3 shall thereupon declare the period in respect of which such deposit is made, and the period shall be either two, three, four or five years from the date of making such deposit; and at the end of that period the money so deposited shall be repaid in the manner hereinafter provided.