25. Replacement of section 76B of the principal enactment

Section 76B of the principal enactment is hereby repealed and the following section substituted therefor :—

76B. The provisions of section 3 shall, mutatis mutandis, apply in respect of an application made for a licence under this Part as they apply in respect of an application made under Part I and for that purpose any reference to “banking business” in that section shall be deemed to be a reference to the business of accepting deposits of money and investing and lending such money, and any reference to section 5 shall be deemed to be a reference to section 76C.".