Towns > Aberdeen > 1858-1912 - Post Office Aberdeen directory > 1873-1874

70 POSTAL DIRECTORY.
£ S. D.
Under this condition, a Man aged 30 may purchase a
Deferred Annuity of £10, to commence when he
attains to 60 years of age, and to be payable half-
yearly, either by an immediate payment of 40 9 2
or
By an annual payment, until he attains to 60 years, of. . . 2 10
And a woman of like age may purchase a like Annuity,
either by an immediate payment of 47 10
or,
By an annual payment of 2 7 6
and a Man aged 30 may purchase an Allowance of £1 14s. 2d. per month, to
commence when he attains the age of 60 years, by a monthly payment of 8s. ;
and a Woman of like age, by a like payment, until she reaches the age of 60
years, may purchase an Allowance of £1 9s. 4d. per month.
9. The Annuity or Monthly Allowance granted on any one life must not
exceed £50 per annum, or £4 3s. 4d. per month ; but purchasers need not
purchase the whole amount of such Annuity or Allowance at one time.
They may begin by purchasing such part as they can afford to purchase, and
go on increasing their purchases from time to time as their circumstance
will permit.
10. Husband and wife may each be insured to the full amount of £100,
and may each purchase an Annuity of £50, or a Monthly Allowance of
£4 3s. 4d. Any two persons may purchase an Annuity on their joint lives,
with or without continuance of the Annuity to the survivor.
11. Persons contracting for the insurance of their lives, or for the pur-
chase of Annuities or Monthly Allowances, will be allowed to pay their
periodical premiums or instalments of purchase-money at such of the Post
Offices which have been or may hereafter be opened for the purpose, as will
suit them best.
12. Persons proposing to effect Insurances on their Lives, or to purchase
Deferred Monthly Allowances, must provide, at their own cost, such certifi-
cates of birth or baptism, or other evidence of age, as shall be required from
them ; but will not be required to pay any fee for medical examination, or to
pay the cost of any inquiry which the Postmaster-General may think fit to
make with regard to their health, habits, age, and occupation, or to pay any
fee for the issue of any contracts which may be made in accordance with their
proposals, or to pay any postage for the transmission of their proposals,
or for the transmission of any correspondence arising out of such proposals
between them and the Postmaster-General, inasmuch as a provision for all
such costs and charges is included in the premiums which they will be
required to pay, in accordance with the tables framed for the purpose, for the
Insurance of their Lives or the purchase of Deferred Monthly Allowances.
Persons proposing to purchase Immediate or Deferred Annuities, payable
half-yearly, must provide, at their own cost, such certificates of birth or
baptism, or other evidence of age, as shall be required of them ; and, inas-
much as the premiums fixed by the tables framed for the grant of such annui-
ties do not include any provision for costs and charges, must pay, at the time
of purchase, a fee of Is. for every £1 of Annuity purchased.
PRINCIPAL RULES OF THE POST OFFICE SAVINGS BANK.
A. 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
daily during the hours appointed for money order business.
At these Banks deposits of One Shilling, or any number of shillings, will
be received ; but no one may deposit more than £30 in one year, or more than
£150 in the whole, exclusive of interest,
Interest at the rate of £2 10s. per cent, per annum (which is at the rate of
sixpence in the pound for each year, or at the rate of one half -penny on each
complete pound for each month, reckoning from the first day of the calendar
month next following the day on which a complete pound has been deposited,
up to the last day of the calendar month preceding the day on which the
money is withdrawn) is allowed, until the sum due to a Depositor amounts to
£200, when interest ceases to be allowed. The interest due to each Depositor
is added to the principal due to him on the 31st December in each year.
B. Every deposit in a Post Office Savings Bank must be immediately