(1)

(a) A trustee savings bank may pay to its trustees honoraria of such amounts as may be approved of by the Central Bank.

(b) The aggregate amount of any honoraria paid by a trustee savings bank to its trustees in any financial year of the bank shall be stated in the accounts of the bank for that year.

(2)

(a) A trustee savings bank may lend money to a trustee of the bank if, but only if -

(i) the loan is made on and subject to such terms and conditions as may be specified by the Central Bank,

(ii) the loan does not exceed such amount, if any, as may be specified by the Central Bank, and

(iii) the aggregate amount of the loan and any amount not repaid or paid to the bank in respect of other loans made by the bank to the trustee and interest thereon does not exceed such amount, if any, as may be specified by the Central Bank.