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Power to extend currency of war savings certificates.
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41. Notwithstanding anything in the War Loan Acts, 1914 to 1917, or in any regulations made with respect to, or in any conditions relating to the issue of, war savings certificates, any such certificate issued under those Acts shall not, if the Treasury so direct, and subject to such conditions with respect to interest and otherwise, as they may impose, be required to be repaid or redeemed within five years after the date on which it was issued, in any case in which the holder of the certificate is at the date on which the certificate becomes repayable the holder of other war savings certificates which do not become repayable till a later date, and section forty-two of the Finance Act, 1916, shall apply with respect to any interest payable in respect of the certificate for the period after the expiration of five years from the date on which it was issued up to the date on which it is repaid or redeemed as it applies to the accumulated interest mentioned in that section:
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Provided that nothing in this section shall prejudice any right of the holder of any war savings certificates, if he so desires, to have the amount payable under the certificate paid to him or or before the expiration of five years after the date on which the certificate was issued.
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