26. Replacement of section 76c of the principal enactment

Section 76C of the principal enactment is hereby repealed and the following section substituted therefor:—

76C. The provisions of section 5 shall, mutatis mutandis, apply to the issue of a licence under this Part as they apply to the issue of a licence 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.".

“Application for licence.

“Issue of licence.