(2)  If any person to whom a pension or other allowance has been granted under this Act is adjudicated a bankrupt or is declared insolvent by judgment of the court, whether in Singapore or elsewhere, then such pension or allowance shall forthwith cease.

(3)  In any case where, by reason of bankruptcy or insolvency of the officer, a pension, gratuity or allowance is not granted or where a pension or allowance ceases by reason of the bankruptcy or insolvency of the pensioner, it shall be lawful for the President, from time to time, during the remainder of such pensioner’s life, or during such shorter period or periods, either continuous or discontinuous, as he shall think fit, to cause all or any part of the moneys to which such person would have been entitled by way of pension, gratuity or allowance, had he not become a bankrupt or insolvent, to be paid to, or applied for the maintenance and personal support or benefit of, all or any, to the exclusion of the other or others, of the following persons, namely, such pensioner himself and any wife, child or children of his, in such proportions and manner as the President thinks proper, and such moneys shall be paid or applied accordingly; moneys applied for the discharge of the debts of the officer or pensioner shall, for the purposes of this subsection, be regarded as applied for his benefit.

(4)  When a person to whom a pension or allowance has not been granted or whose pension or allowance has ceased under this section obtains a full and proper discharge from his bankruptcy or insolvency, his pension or allowance shall be restored to him with effect from the date of such discharge.