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As from the appointed day, section 3 of the [1966 c. 12.] Post Office Savings Bank Act 1966 (which requires a separate account to be kept for the purposes of that Act) shall have effect with the substitution, for subsections (1) and (2) thereof, of the following subsections:—
“(1)The Director of Savings shall keep a separate account of all sums received or paid with respect to investment deposits.
(2)The said account shall be known as the National Savings Bank Investment Account Fund and is in this Act referred to as ' the Fund '”,
and with the substitution, for the reference, in subsection (3)(b), to the Postmaster General, of a reference to the Treasury.
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