‹‹‹ prev (1379)

(1381) next ›››

such period of three months over and above evei-y
complete period.
14. The Commission thus paid must be afiBxed in
Postage Stamps to the back or' the Order.
15. 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.
16. After the closing of the Monej' Order Office,
Postal Orders may be obtained at the stamp counter.
Head Office, George Squai'e, until 10 p.m. on week
1. Post Office Savings Banks are established at all
Money Order Offices in the United Kingdom, and
are open for the receipt of deposits on week days
during the hours appointed for the sale of stamps.
Every such Office is also open for the payment of
â– withdrawals on week days during certain hours,
which are mentioned in a notice exhibited at the
2. At these Offices ordinary deposits of one shilling,
or any number of shillings, will be received, subject
to the limits of £50 in one yearending 81st Decemtjer,
and £200 in all, exclusive of interest. Deposits will
also be received for immediate investment in Govern-
ment Stock, and in connection with Government
Insurance and Annuities.
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 calendar 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 hss
been deposited or completed, up to the last day of
the calendar month pieceding the day on which a
warrant for repayment is issued. The interest due
to each depositor is added to the principal due to him
on the 31st December in each year.
4. Transfers of Deposits. — A 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 Office
Savings Bank.
5. Withdrawal of Deposits. — Any depositor wish-
ing to withdraw the whole or part of the sum depo-
sited by him, must make 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.
7. Withdrawals hy Telegraph. — A depositor who
wishes to obtain immediate payment of any amount
not exceeding £10 standing to his credit, can apply
at any savings bank office at which payment by tele-
graph is made, when upon production of the deposit
book showing that the sum required is standing to
his credit, and on his filling up the usual notice of
withdrawal and paying the cost of the telegram to
the chief office and of the reply, the Postmaster will
ascertain by telegraph whether the amount applied
for on the notice may be paid. Not more than £10
can be paid to a depositor in one day under this
arrangement. Withdrawals of not more than £20
may also be obtained by return of post on notice
being similarly sent by telegraph to the chief office,
ACT, 1880.
1. A depositor in the Post Office Savings Bank
who desires to invest in Government 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 in-
vestments can be made in Consolidated, 2j, 2f
(1905), 2J, or in Local Loans 3 per Cent. Stock.
2. The minimum amount of Stock which may be
purchased or sold is Is., and not more than £200
Stock can be credited to an account in any year
ending the 31st December, or £500.
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
" " 60 " " 75, 1 9
" " 75 " " 100, 2 3
" 100 " " 200, 2 9
For sale or for transfer to the Banh of
England. s. d.
On Stock not exceeding £25, - - - 9
" exceeding £25 and not above £50, 1 3
" " 50 " " 75, 1 9
" " 75 " " 100, 2 3
" " 100 " " 200, 2 9
" " 200 " " 300, 3 3
" « 300 " " 400, 3 9
" " 400 " " 500, 4 3
Immediate or deferred annuities of not less than
£1, or more than £100, may be purchased through
the Post Office on the life of any person over 5
years of age.
Any person between 14 and 65 years of age may
iusm-e his or her life for not less than £5 or more
than £100. The lives of children between 8 and
14 years of age may be insured for £5.
If the amount of the Annuity or Insurance pur-
chased is less than £100, further Annuities and
Insurances may be purchased from time to time
until the total amount of annuities depending on the
life is £100, and the total sum insured is £100.

Images and transcriptions on this page, including medium image downloads, may be used under the Creative Commons Attribution 4.0 International Licence unless otherwise stated. Creative Commons Attribution 4.0 International Licence