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PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 - SECT 27

General interpretation.

27.(1) In this Act

"advertisement for deposits" means, in relation to any company, an
advertisement inviting the public to deposit money with that company;

"the appointed day" means the last day of the period of six months beginning
with the date of the passing of this Act;

["audited accounts", in relation to a company, means accounts audited by a
person who is qualified for appointment as auditor of that company;

"banking or discount company" means a company which satisfies the Department
that it ought to be treated for the purposes of this Act as a banking company
or as a discount company];

"building society" means a society registered under the Building Societies
Acts (Northern Ireland) 1874 to 1940 or any building society within the
meaning of the Building Societies Act 1962, and any unincorporated society to
which section 125 of that Act applies;

"depositor" means a person entitled, or prospectively entitled, to repayment
of a deposit, whether made by him or not;

"friendly society" means a society registered (whether in Northern Ireland or
Great Britain) under the Friendly Societies Act 1896;

"industrial and provident society" means a society registered (whether in
Northern Ireland or Great Britain) under the Industrial and Provident
Societies Act 1893;

"profit and loss account" includes, in the case of a company not trading for
profit, an income and expenditure account;

"the public" includes any section of the public, however selected, including,
in relation to a company, a section selected as members or debenture holders
of, or as depositors with, the company;

"the Registrar" means the registrar of companies as defined in the Companies
Act (Northern Ireland) 1960;

["trustee savings bank" means a trustee savings bank within the meaning of
section 95(1) of the Trustee Savings Banks Act 1969;]

(2) In subsection (1) any reference to an enactment of the Parliament of the
United Kingdom includes a reference to any enactment of that Parliament
re-enacting that enactment, whether with or without modifications.

(3) For the purposes of this Act the date of a balance sheet shall be taken to
be the date as at which the balance sheet is made up.

© 1964 Crown Copyright

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