27 (2) Subject to subsection (3), the administrator shall, pursuant to a scheme of resolution, make special provisions for the repayment of depositors in whole or in part. (3) Provision under subsection (2) may be made⎯ (a) to repay deposits in cash over a period of up to twenty-four months; (b) to issue shares in the successor financial institution of the troubled financial institution of a nominal value equivalent to any deposits in exchange for such deposits; (c) to issue debentures in the successor financial institution of the troubled financial institution on the following terms, or on terms not less favourable to the depositors than the following terms, namely, that each debenture shall⎯ (i) secure a sum equivalent to the money value of the deposit at the date of administration; and (ii) bear zero interest or interest at a fixed rate only; and (iii) be payable to bearer; and (iv) have a maturity date not exceeding thirty-six months from the date when the scheme of resolution is approved under section 28, and be fully redeemable by the successor financial institution on maturity; (d) to transfer deposits in the troubled financial institution to the successor financial institution, where such deposits may be frozen for a period not exceeding twentyfour months; (e) for any combination of the foregoing, and for the differential treatment of depositors according to the size and nature of their deposits. (4) No repayment of a deposit with a troubled financial institution under this section shall be made to a depositor who is a specified person in relation to that institution. (5) Repayment in whole or in part of a speculative investment shall only be made, if at all, after provision has been made for the repayment in full of all the depositors of the troubled financial institution in which the speculative investment was made. 28 Approval of scheme of resolution (1) No later than two months after the commencement of the administration the administrator shall produce a provisional scheme of resolution providing for any of the matters specified in section 26 and present it to a joint meeting of creditors and members. (2) The administrator may vary the provisional scheme of resolution in accordance with the opinions and wishes of the creditors and members expressed at the meeting referred to in subsection (1). (3) As soon as possible after the meeting referred to in subsection (1) the administrator shall submit the provisional scheme of resolution, with variations, if any, to the Reserve Bank, together with a report summarising the opinions and wishes of the creditors and members in relation to it. (4) The Reserve Bank may, after considering the provisional scheme of resolution and the report referred to in subsection (3), approve the scheme or approve it subject to such variations as it may direct, whereupon it shall become the final scheme of resolution.