Service of a document,
as defined in section 5(1) of the Companies Act 1961 2 —
(a) on
the Bank, shall be deemed to be service on each of the existing banks;
(b) on
an existing bank, shall be deemed to be service on the Bank;
(c) on
A.N.Z. Savings Bank, shall be deemed to be service on E.S.A. Savings Bank; or
(d) on
E.S.A. Savings Bank, shall be deemed to be service on A.N.Z. Savings Bank,
but —
(e)
paragraphs (a) and (b) of this section shall cease to have any force and
effect upon the relevant existing bank ceasing to be a subsidiary of the Bank
within the meaning of section 6(1) of the Companies Act 1961 2 ; and
(f)
paragraphs (c) and (d) of this section shall cease to have any force and
effect upon E.S.A. Savings Bank ceasing to be a subsidiary of the Bank within
the meaning of section 6(1) of the Companies Act 1961 2 .