Disposal of moneys

(1) Subject to this Act, moneys in the Savings Bank shall not be applied in any way to the purposes of Belize but, except so far as any sums may be prescribed to be kept in hand for the general purposes of the Savings Bank, shall be deposited in the Treasury and shall, as far as practicable, be invested on behalf of the Savings Bank, under the direction of the Accountant General, in such securities or be employed at interest in such manner as shall be approved from time to time by the Minister, and any such investment may at any time be changed into other like securities, Provided that not more than one-third of such moneys shall at any time be or remain invested in securities of the (2) Any sums of money that may from time to time be required for the repayment of any deposit under the authority of this Act, or for the payment of interest thereon or expenses incurred in the execution of this Act, may be raised by the sale of the whole or a part of such securities. (3) Any sums of money which may be required for the purposes specified in subsection (2) of this section may, with the approval of the Minister, be advanced to the Savings Bank by the Financial Secretary out of the Consolidated Revenue Fund until they can be raised by the sale of such securities and such advances shall bear interest at the rate from time to time payable to depositors. Nation