16SIn section 28 (payments to depositors on institution’s insolvency)—
(a)in subsection (6)—
(i)in paragraph (a), after the word “proved” there shall be inserted the words “or whose claim has been accepted in the sequestration”; and
(ii)in paragraph (b)(iii), for the words “72” and “1913” there shall be substituted, respectively, the words “30” and “1985”; and
(b)in subsection (7)(c)—
(i)the words from “where” to “court,” shall cease to have effect; and
(ii)for the words “deed of arrangement or other settlement or arrangement by way” there shall be substituted the words “trust deed, contract of composition or offer”.