An Act for more effectually vesting in the Trustees for the time being of the National Penny Bank Limited Securities and other Property representing Moneys received by the Bank on Deposit Accounts and for other purposes
WHEREAS the National Penny Bank Limited (in this Act called "the Bank") was formed in the year one thousand eight hundred and seventy-five under the Companies Act 1862 for receiving deposits for safe custody and investment the keeping and investing of the same and the repaying the amount with interest or otherwise to the depositors: And whereas under the articles of association of the Bank any moneys received by the Bank on deposit accounts are not to be considered as part of the general asse...