13. Replacement of section 62 of the principal enactment

Section 62 of the principal enactment is hereby repealed and the following section substituted therefor :—

62. For the purposes of this Act, the expression “the money supply” means all currency, demand deposits, time and savings deposits and such other financial assets as may be prescribed by the Monetary Board from time

“Monthly statement.

‘Expression of the definition of the money supply.

to time and are owned by persons other than the

Government, commercial banks and such financial institutions or categories of financial institutions as may be prescribed by the

Monetary Board and for the purposes of this section “financial institutions” shall have the same meaning assigned to it in subsection (5)

of section 93.”.