31. Amendment of section 55 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 55 of the principal enactment is hereby amended as follows:-

(1)

by the substitution for the words and figure “in section 54 the name of such bank shall be removed from the list of licensed commercial banks and” of the words and figure “in section 54”;

(2)

in paragraph (c) thereof, by the substitution for the words and figure “in accordance with section 72.”

of the words and figure “in accordance with section 72; and”;

(3)

by the addition immediately after paragraph (c)

thereof, of the following:-

“(d) all monies or other articles held in a safe deposit box which have not been paid or returned to the rightful owners under section 54, have been transferred to a special account of the Central Bank or are disposed in accordance with the directions issued by the

Central Bank for such purpose, as the case may be.”;

(4)

by the repeal of the marginal note to that section, and the substitution therefor of the following:-

Read on from s 32