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Interpretation. 7.(1) In this Act "account" includes both a current account and a deposit account (whether described by that name or as a deposit or in any other way); "bank" includes a savings bank; "branch", in relation to a bank, includes the head office of the bank; "employed person" (subject to subsection (2)) means any person who is an artificer within the meaning of the Truck Acts (Northern Ireland) 1831 to 1940, or of the Hosiery Manufacture (Wages) Act 1874; "employer" (subject to subsection (2)) means any person who is an employer within the meaning of the Truck Acts (Northern Ireland) 1831 to 1940, or of the Hosiery Manufacture (Wages) Act 1874; "money order" means a money order issued by the Postmaster General or the Post Office and "postal order" means a postal order so issued; "the specified enactments" has the meaning assigned to it by section 1(2); "wages" (subject to subsection (2)) means any amount which constitutes wages within the meaning of the Truck Acts (Northern Ireland) 1831 to 1940, or of the Hosiery Manufacture (Wages) Act 1874 (2) Section 10 of the Truck Amendment Act 1887 (which applies the provisions of the Truck Act 1831, and of that Act to certain outworkers not directly employed) shall have effect for the purposes of this Act as it has effect for the purposes of those Acts, and references in this Act to employed persons, to employers and to wages shall be construed accordingly. Subs.(3) rep. by 1976 NI28 art.65(3) sch.6 (4) References in this Act to a deduction do not include a part of an employed person's wages which is paid in any of the ways authorised by this Act. (5) In this section "savings bank" means any of the following, that is to say, (a)any trustee savings bank within the meaning of the Trustee Savings Banks Act 1954; (b)any organisation established (whether as a separate body or otherwise) under a local or private Act, in pursuance of a provision in that Act expressly describing it as a savings bank; (c)any organisation formed in the United Kingdom (whether before or after the passing of this Act) which does not fall within any of the preceding paragraphs, but, being an organisation in the nature of a bank, accepts deposits of money for the benefit of the persons making the deposits, and, in the case of all deposits so accepted, (i)accumulates the produce of the deposits (so far as not withdrawn) at compound interest, and (ii)returns the deposits and produce to the depositors after deducting any necessary expenses of management but without deriving any benefit from the deposits or produce. S.8 repeals 1743 c.8 (I); 1846 c.2
© 1970 Crown Copyright
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