28. Replacement of section 76F of the principal enactment

Section 76F of the principal enactment is hereby repealed and the following new section substituted therefor:-

76F. (1) The provisions of section 9 shall, mutatis mutandis, apply in respect of a licensed specialised bank as they apply in respect of a licensed commercial bank and for that purpose any reference therein to a licensed commercial bank shall be deemed to be a reference to a licensed specialised bank, and any reference therein to section 5 shall be deemed to be a reference to section 76C, and any reference therein to banking business shall be deemed to be a reference to the business of accepting deposits of money and investing and lending such money.

Nothing contained in subsection (1)