Section 8
Repayment of treasury deposits
of Treasury Deposit Receipts Act 1952
ActIn forceProvision 8 of 12
Section 8
(1)
A treasury deposit shall be repaid on maturity to the holder of the treasury deposit receipt relating to such deposit on his tendering to the Minister of Finance the said treasury deposit receipt.
(2)
No treasury deposit shall be repaid except upon the surrender of the treasury deposit receipt in respect thereof to the Minister of
Finance for cancellation by him.
Treasury deposits and interest to be a charge on Consolidated