Section 8 of the Principal Act is hereby amended by the substitution for subsection (1) of the following subsection:
"(1) The objects of the Corporation shall be so stated in its memorandum of association that its principal functions shall include -
(i) lending and advancing money,
(ii) acquiring, underwriting, holding, selling and otherwise dealing with, shares, stocks, debentures, debenture stocks and other securities of any body corporate,
(iii) drawing, accepting, endorsing, discounting, purchasing and otherwise dealing with, bills of exchange, promissory notes and other negotiable instruments,
(iv) providing such other banking, financial or credit services and engaging in such banking or financial transactions as it thinks proper (including giving guarantees to any person in relation to the payment of money, and of interest on the money, or the repayment of money paid by that person on foot of loans, advances or other credit facilities granted by that person and the payme