Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1887-1888

POST OFFICE EEGULATIONS.
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at the foot of the Order, and must also fill in the
name of the Money Order Ofiice, if that has not been
already done.
4. Every perion to whom a Postal Order is issued
should keep a record of the number, date, and came
of office of issue to facilitate enquiry if the order
should be lost.
5. If a Postal Order be crossed " & Co."
payment will only be made through a Banker, and if
the name of a Banker is added, payment will only be
made through that Banker.
6. A Postal Order presented by, or through, a
Banker for payment will not (in the absence of an
express arrangement between such Banker and the
Postmaster-General to the contrary) be paid until
after such Order has been examined at the Chief
Office in London.
7. After a Postal Order has once been paid, to
whomsoever it is paid, the Postmaster-General will
not be liable for any further claim.
8. If any erasure or alteration be made, or if the
Older is cut, defaced, or mutilated, payment may be
refused.
9. The regulations under which Postal Orders
are issued allow the Postmaster to delay or refuse
the payment of an Order, but he must at once
report his reasons for eo doing to the Postmaster-
General. He may also require the person presenting
the Order to sign his name on the Order before its
payment, although the receipt has been already signed.
10. After the expiration of three months from the
last day of the month of issue, a Postal Order will
be payable only on payment of a Commission equal
to the amount of the original poundage, with the
addition (if more than three months have elapsed
since the said expiration) of the amount of the original
poundage for every further period of three months
which has so elapsed, and for every portion of any
such period of three months over and above eveiy
complete pe;iod.
11. The Commission thus paid must be affixed in
Postage Stamps to the face of the Order.
12. No postman, or other servant of the Post
Office, is bound to procure a Postal Order for any
person, or to obtain payment for one ; but such ser-
vices are not forbidden.
13. After the closing of tlie Money Order Office,
Postal Orders may be obtained at the stamp counter.
Head Office, George Square, until 10 p.m. on week
days.
POST OFFICE SAVINGS BANKS.
1. Post Office Savings Banks are established at all
Money Order Offices in the United Kingdom, and
are open for the receipt and payment of money and
for the transaction of Government Stock business
daily during the hours appointed for Money Order
business.
2, At these Banks deposits of one shilling, or any
Dumber of shillings, will be received, subject to the
limits of ^30 in one year ending 31st December,
and X150 in all, exclusive of interest. Deposits will
also be received for immediate investment m Govern-
ment Stock.
Any person desirous of saving one shilling by
means of penny contributions, for deposit in the Post
Office Savings Bank, may do so by purchasing with
every penny so saved a penny postage stamp, and
affixing it to a form to be obtained at any Post Office.
Instructions as to this form are printed thereon.
3. Interest. — Interest at the rate of £2 10s. per
cent, per annum (which is at the rate of 6d. in the
pound for each year, or at the rate of one halfpenny
on each complete pound for each month), is allowed
until the sum due to a depositor amounts to £200,
when interest ceases. The calculation is made from
the first day of the calendar month next following the
day on which a complete pound has been deposited
or completed, up to the last day of the calendar
month preceding the day on which a warrant for
repayment is issued. The interest due to each deposi-
tor is added to the principal due to him on the 31st
December in each year.
4. Transfers of Deposits. — Any person may trans-
fer his deposits from a Trustee Savings Bank to the
Post Office Savings Bank, or vice versa, by obtaining
a certificate of transfer, which will be accepted as a
deposit of the amount therein set forth. Forms of
application for certificates of transfer to a Trustee
Savings Bank can be obtained at any Post Offic&
Savings Bank.
5. Withdrawal of Deposits. — Any depositor
wishing to withdraw the whole or part of the sum
deposited by him, must mnke application for the
same to the General Post Office in London, in a
form which may be obtained at any Post Office
Savings Bank.
6. Repayments. — Repayments will be made only
to the depositor in person, or to the bearer of an
order under his hand, signed in the presence of either
the minister of the parish in which the depositor
resides, of a justice of the peace, or in case of sick-
ness, of the medical attendant,
INVESTMENTS AND SALES OF GOVERN-
MENT STOCK UNDER THE SAVINGS BANKS
ACT, 1880.
1. 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 applica-
tion signed by him on a form to be obtained at any
Post Office Savings Bank. Such investments can be
made in Consolidated, Reduced, or New Three per
Cent. Stock, or in Two and Three Quarters, or Tw»
and a Half per Cent. Stock.
2. 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. The amount of Stock credited to any one
account in any year ending the 31st December
(whether any Stock has been previously sold or cot)
must not exceed £100 Stock; and the whole amount
of Stock credited to any one account must not exceed
£300 Stock.
3. The commission chargeable on investment,
including the receipt of dividends, and on the sale of
Stock, is as follows : —
For investment (including receipt of Dividends).
s. d.
On Stock not exceeding £25, - - - 9
" exceeding £25 and not above £50, 1 3
« " 50 " " 75, 1 9
" « . , 75 ". ," 100,, 2 3