Provisions
regarding
deposita
under
section 4.
(3) Notwithstanding any enactment prescribing a time within which proceedings may be brought before a court of summary jurisdiction, proceedings for an offence under this section may be brought-
(a) within a period of six months from the date of the com-
mission of the alleged offence; or
(6) within a period which exceeds neither three months from
the date on which it came to the knowledge of the prosecutor that the offence had been committed nor one year from the date of the commission of the offence, whichever period is the longer.
(4) This section shall not apply to-
(a) any motor vehicle which is the property of His Majesty or the Government upon any occasion upon which such vehicle is being used by a person authorized by His Majesty or the Government to use the same on such occasion; or
(b) any motor vehicle at any time when it is being driven for police purposes by, or under the direction of, any police officer; or
(c) any motor vehicle owned by a person who has made a deposit with the Accountant General to the value of two hundred thousand dollars and has not required such deposit to be returned to him, at any time when such motor vehicle is being driven by the owner or by a Servant of the owner in the course of his employment, or is otherwise subject to the control of the owner,
(5) Subsection (1) shall not come into force until such date as may be fixed by order of the Governor in Council published in the Gaselle.
4 or
5. The following provisions shall apply in relation to any deposit made under paragraph (c) of subsection (4) of section required under the proviso to subsection (1) of section 3-
(a) a deposit may be made in cash or in securities approved by the Accountant General (hereinafter referred to as
"approved securities'), or partly in cash and partly in approved securities and the value of securities shall be taken as the market value on the day of deposit;
(b) when approved securities are deposited the depositor shall, if so required by the Accountant General, take, at or before the time they are so deposited, such steps as the Accountant General may require to vest the same in the Accountant General;
(c) the Accountant General may permit the substitution of
other approved securities for those previously deposited or the substitution of cash for approved securities, or vice versa, and may where he considers that the approved securities have fallen below their value at the time of the deposit, require the depositor to deposit the difference in value in further approved securities or cash;
(d) the Accountant General shall, if required by the depositor by notice in writing, cause the deposit to be returned to the depositor by repaying to him any cash deposited or retransferring to him any securities, as the case may be
(e) subject to the provisions of paragraph (/) of this subsection, the deposit shall be deemed to form part of the assets of the depositor and the interest or dividends accruing due in respect thereof shall be payable to the depositor
() no part of the deposit shall, so long as any liabilities, being such liabilities as are required to be covered by a policy of insurance under this Ordinance, which have been incurred by the depositor, have not been discharged or otherwise provided for, be applicable in discharge of any other liabilities incurred by the depositor.
6. (1) In order to comply with the requirements of this Require Ordinance, a policy of insurance must be a policy which-
(u) is issued by an authorized insurer; and
(b) insures such person, persons or classes of persons as may be specified in the policy in respect of any liability which may be incurred by him or them in respect of the death of or bodily injury to any person caused by or
ments in respect of policies. 20 & 21 Geo. f. c. 49, s. 80,