"Government security" means promissory notes (including treasury bills), stock-certificates, bearer bonds and other securities issue by the Government in respect of any loan contracted either before or after the passing of the Act, but does not include a currency-note.

[See, section 2(d), the Securities Act, 1920 (Act No. X of 1920)]

[See, section 2(7), the Insurance Act, 1938 (Act No. IV of 1938)].

"Government security" means —

(a) a security, created or issued, whether before or after thecommencement of this Act, by Government for the purpose ofraising a public loan, and having one of the following forms,namely : —

(i) stock transferable by registration in the books of the Bank; or

(ii) a promissory note payable to order; or

(iii) a bearer bond payable to bearer; or

(iv) a form prescribed in this behalf, or notified by Government from time to time.

(b) and for such of the purposes of this Act as may be prescribed.