Where a company carries on bond investment business, this Act shall apply with respect to that business, subject to the following modifications:
(a) The expression "policy" includes any bond, certificate, receipt, or other instrument evidencing the contract with the company, and the expression "policy holder" means the person who for the time being is the legal holder of such instrument:
(b) [deleted]
(c) [deleted]
(d) The first statement of the bond investment business of the company shall be deposited at the Bank on or before the thirtieth day of June nineteen hundred and eleven:
(e) The company shall not give the holder of any policy issued after the passing of this Act any advantage dependent on lot or chance, but this provision shall not be construed as in anywise prejudicing any question as to the application to any such transaction, whether in respect of a policy issued before or after the passing of this Act, of the law relating to lotteries.