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1960 c.22 51.(1) If, with respect to any building society, the registrar considers it expedient to do so in the interests of persons who may invest or deposit money with the society, he may with the consent of the Ministry serve on the society a notice giving a direction under this section. (2) A direction given to a building society under this section may (a)prohibit the issue by the society of advertisements of all descriptions; or (b)prohibit the issue by the society of advertisements of any description specified in the direction; or (c)prohibit the issue by the society of any advertisements which are, or are substantially, repetitions of an advertisement which has been issued and which is specified in the direction; or (d)require the society to take all practicable steps to withdraw any advertisement, or any description of advertisement, specified in the direction which is on display in any place; (3) If a building society contravenes a direction under this section, it shall be liable on conviction on indictment or on summary conviction to a fine which, on summary conviction, shall not exceed two hundred pounds; and every officer of the society who is in default shall be liable (a)on conviction on indictment, to a fine, or to imprisonment for a term not exceeding two years, or to both; or (b)on summary conviction, to a fine not exceeding two hundred pounds, or to imprisonment for a term not exceeding three months, or to both.
© 1967 Crown Copyright
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URL: http://www.bailii.org/nie/legis/num_act/bsai1967346/s51.html