The Short Title of this Act is “The Bank Holidays Act, 1902”; and it shall form part of and be read together with “The Banks and Bankers Act, 1880” (hereinafter called “the principal Act”).

The Second Schedule to the principal Act, prescribing the days to be kept as close holidays in banks, is hereby repealed, and in lieu thereof the Schedule hereto is hereby substituted.

No day or portion of a day shall be appointed as a special bank holiday or part holiday under section seventeen of “The Banks and Bankers Act Amendment Act, 1882,” except with the previous consent in writing of the Colonial Treasurer.

No employee of a bank shall be employed during any part of a bank holiday or special bank holiday except for the purpose of dealing with correspondence and urgent matters of the day.

Every banker who commits a breach of this section is liable for each offence to a penalty not exceeding five pounds in respect of each employee so employed.

This section shall not apply in the case of any person employed on the day or any one of the seven days immediately preceding or following the day upon which the bank balances its books for the half-year, nor in the case of any caretaker of the bank premises:

Provided that not less than seven days’ notice in writing of the day on which the bank balances its books shall be given to the Inspector of Factories.