Towns > Edinburgh > 1846-1975 - Post Office Edinburgh and Leith directory > 1884-1885

POSTAL DIRECTORY— EATES.
663
Controller of tlie Post Office Savings Bank De-
partment in London, in order that it may be
compared with the books of that department, and
the interest due to the depositor inserted in it.
When a depositor wishes to withdi-aw the whole
or any part of the sum due to him, he must make
application for the same in a form which may be
obtained at any Post Office Savings Bank. On
receipt of this form at the G.P.O., London, a
warrant for the amount required, payable at the
Post Office Bank named by the depositor, will be
sent him by return of post.
Postmasters and other officers of the Postmaster-
General employed ia the receipt or payment of
deposits, are strictly forbidden to disclose the name
of any depositor, or the amount deposited or with-
drawn, except to the Postmaster-General, or to
such of his officers as are appointed to assist in
carrying on Savings Banks business.
A statement of the regulations of the Post Office
Banks may be seen at any Money Order Office.
INVESTMENTS AND SALES OF GOVERN-
MENT STOCK.
A depositor in the Post Office Savings Bank
who desires either to invest a certain sum (not
being less than £10) in Government Stock, or to
purchase a certain amount of Government Stock
(not being less than £10 Stock), must send to the
Controller of the Savings Bank Department,
General Post Office, London, together with his
deposit book, an application signed by him on a
form to be obtained at any Post Office Savings
Bank. Such investments can be made in Con-
solidated, Reduced, or New Three per Cent. Bank
Annuities.
Within seven days from the receipt of such
application the depositor's account will be charged
with the current price of the Stock purchased and
the commission, the necessary entries being made
in his deposit book; and the depositor will be
credited in the Government Stock Eegister of the
Post Office Savings Bank with the equivalent
amount of Stock, and a certificate thereof sent
him.
The sum invested must not be less than £10, or
the amount of the current price of £10 Stock with
the addition of the commission, whichever sum is
least, and not more than £100 Stock can be credited
to an account in any year ending .31st December,
or £.300 in all.
For an immediate investment in Government
Stock a deposit to an amount not exceeding the
value of £100 Stock with the commission may be
made in one year ending the 31st December.
Dividends in respect of Stock standing to a
depositor's credit will be carried to his deposit
account.
A depositor who desires to sell the Stock standing
to his credit, or part of the Stock, must send to
the Controller of the Savings Bank Department,
London, together with his deposit book and invest-
ment certificate, an application signed by him on
a form obtainable at any Post Office Savings
Bank.
Within seven days of the receipt of such appli-
cation the sale will be effected at the ctirrent price
of the day of sale, and a warrant will be sent the
depositor for the amount realized, less commission.
The commission chargeable on investment, in-
cluding the receipt of dividends, and on the sale
of Stock, is 9d. for the first £25, and 6d. for every
additional £25.
Particulars regarding Stock cerfijicaies may be
learned at any Money Order Office.
GOVERNMENT INSURANCE AND ANNUITY
OFFICE.
The Postmaster-General is empowered to insure
the lives of persons of either sex, between the ages
of 16 and 60, for not less than £20 or more than £100.
He is also empowered to grant immediate orde-
ferred annixities of not more than £50 on the lives
of persons of either sex, and of the age of 10 years
and upwards. The persons whose lives are in-
sured, or to whom annuities are granted, have direct
Government security for the payment of the money
at the proper time.
Tables of the premiums to be charged for the
insurance of lives, for the grant of immediate
annuities, for the grant of deferred annuities or
deferred monthly allowances, without return of
purchase money, or for the grant of deferred an-
nuities or deferred hionthly allowances, with return
of purchase money, may be seen at the G.P.O.
PREMIUMS CHARGED FOR THE INSURANCE OF LIVES.
The life of a man or woman in his or her 30th
year may be insured for £100 —
By a single payment of . . £43 3 7
By an annual payment, during life, of . 2 6 7
By a fortnightly payment, during life, of 2 2
By an annual payment, until the insured
reaches the age of 60, of . . 2 13 16
By a fortnightlj' payment of . .026
Smaller sums may be insured by proportionate pay-
ments, but no single payment must be less than 2s.
No one life can be insured for less than £20;
but when so insured, further insurances may be
effected from time to time, until the whole sum
insured amounts to £100.
If, after having duly made payments for a period
of five years, the insured shall be unable to con-
tinue, or shall desire to discontinue, such payments,
a portion of the premiums paid, of not less than
one-third of the whole sum paid, will be returned.
The sums to be charged for the purchase of im-
mediate annuities varies with the age and sex of the
person on whose life the annuity is to depend:
Thus, a man aged 65 can purchase an
immediate annuity of £10, pay-
able half-yearly, for . . £90
A woman of the same age for . 105 19 2
A man aged 70 can purchase an im-
mediate annuity of £10, payable
half-yearly, for . . . 74 5 10
A woman of the same age for . 86 8 4
The sums to be charged for the purchase of
deferred annuities or deferred monthly allow-
ances will vary with the age and sex of the person
on whose life the annuity or monthly allowance
is to depend, and with the length of the tenn for
which the annuity is deferred (or in other words,
with the number of years which are to pass before
the commencement of the annuity), and with the
conditions of the contract as to the mode of pur-
chase, mode of payment, and return or non-return
of purchase money.
When the condition of the contract is to be, that
no part of the purchase money shall in any event
be returned :
A man aged 30 may purchase a de-
ferred annuity of £10, to com-
mence on his i-eaching the age of
60, and to be payable half-yearly,
either by a payment of . . £24 3 4
Or by an annual payment, up to 60, of 18 4
A woman of like age may purchase a
like annuity by a payment of . 32 8 4
Or an annual payment, up to €0, of r .1 17 6