With respect to the issue of savings bonds the following provisions have effect—
(a) each savings bond shall be for the amount directed by the Minister;
(b) saving bonds issued in a certificated form shall be signed by the Director of Finance and the Accountant General or by persons authorised by them;
(c) savings bonds issued in an un-certificated form, shall be authorised by the Director of Finance and the Accountant General or by persons authorised by them;
(d) the ownership of savings bonds, which are issued by the Minister, may, subject to the provisions of this Act, be evidenced and transferred without a written instrument; and
(e) the Securities Registry shall keep or cause a register to be kept in such form as may be prescribed by the Minister containing particulars of every savings bond issued.
(Substituted by Act 4 of 2004)