Savings Bank Regulations Text




602
THE NEW ZEALAND GAZETTE.

  1. If such Declaration, or any part thereof, shall not
    be true, or if any person shall at any time have or
    hold or be possessed of any deposit or funds in
    more than one Post Office Savings Bank within the
    Colony, every such person shall be liable, at the option
    of the Postmaster-General, to forfeit and lose all right
    and title to any deposit in or to any funds of any and
    every such Savings Bank.

  2. A copy of the above Declaration and of this
    Rule shall be printed within the cover of every
    Depositor's Book.

  3. On making the Declaration, and in all cases in
    which the signature of the Depositor is required, if the
    Depositor cannot write, his mark must be affixed in the
    presence of a witness, and attested by the signature of
    that witness. The witness must be known to the
    Officer of the Postmaster-General, and it is desirable
    (though not imperative) that he be not connected with
    the office. It is not necessary that the witness should
    be known to the Depositor.

  4. Every deposit received by any Officer of the
    Postmaster-General, appointed for that purpose, shall
    be entered by him at the time in a numbered book, and
    the entry shall be attested by him, and by the dated
    stamp of his office. The Depositor shall sign his name
    in a place to be provided for his signature in the
    Depositor's Book. As soon as possible after the com-
    mencement of each month, the amount placed to the
    credit of each Depositor in the books of the Postmaster-
    General during the preceding month shall be acknow-
    ledged in the following form by the Officer whom the
    Postmaster-General shall appoint for the purpose, and
    the acknowledgment shall be forthwith transmitted by
    post to the Depositor.

Depositor's Book.
Place
No.

SAVINGS BANK DEPARTMENT,
General Post Office, Wellington, N.Z.

The Postmaster of
having reported to the
Postmaster-General the receipt by him of your Deposits during the
month of
18 , amounting to £
:
:
that amount has been placed to the credit of your account in
the books of this Department.

Controller.
Examined

N.B.—Should any alteration or erasure appear to have been made
in this acknowledgment, or should it be inaccurate in any par-
ticular, it should be returned to the Controller, Savings Bank
Department, General Post Office, Wellington.

  1. The said acknowledgment shall be conclusive
    evidence of the claim of the Depositor to the repay-
    ment of such deposit, with the interest thereon, upon
    demand made by him in the manner hereinafter
    provided; and in order to allow a reasonable time for
    the receipt of such acknowledgment, the entry in the
    Depositor's Book shall also be conclusive evidence of
    title for six weeks from the lodgment of the deposit;
    and if such acknowledgment shall not have been
    received by the Depositor through the Post within one
    month from the date of his deposit, and the Depositor
    shall before or upon the expiry thereof demand the said
    acknowledgment from the Postmaster-General, then
    the entry in his Book shall be conclusive evidence of
    title during another term of one month and toties
    quoties.

  2. Interest, calculated yearly, at the rate of 4 per
    cent. per annum on sums not exceeding Two hundred
    pounds, and at the rate of 3 per cent. on sums over
    Two hundred pounds and not exceeding Five hundred
    pounds, and in the same proportions for any shorter
    time, will be allowed on every complete pound deposited:
    Provided that no interest be allowed on more than Five
    hundred pounds; save and except in cases of deposits
    made by the Trustees of any legally constituted
    Friendly Society, or of any Charitable or Provident
    Society, or Savings Bank, to whom interest will be
    allowed on every complete pound deposited, without
    restriction as to the amount of the deposits.

  3. Interest shall be computed from the first day of
    the calendar month next following the day on which a
    complete pound shall have been deposited, or on which
    deposits of a less amount shall have made up a complete
    pound, up to the first day of the calendar month in
    which moneys are withdrawn. When, however,
    deposits are made on the first day of a month, interest
    shall be allowed from the date of deposit.

  4. The interest will be calculated to the 31st
    December in every year, and will then be added to and
    become part of the principal money.

  5. Deposits may be made by a Trustee on behalf of
    another person, in the joint names of such Trustee and
    the person on whose account such money shall be so
    deposited; but repayment of the same, or any part
    thereof, shall not be made without the receipt of the
    said parties, or the survivors or survivor of them, or the
    executors or administrators of such survivor, whose
    receipt shall be a valid discharge.

The following Declaration must be made in such
cases :—

Depositor's Book.
Place
No.....

FORM OF DECLARATION TO BE SIGNED
BY THE TRUSTEE OF A DEPOSITOR.

I,
of
do hereby declare to the Postmaster-General, that I am desirous of
becoming a Depositor in the Post Office Savings Bank, as the Trustee
of
of
, and I do further
declare, on behalf of myself and also on behalf of the said
that we are not, either jointly or severally, directly or indirectly
entitled to any sum or sums in the Books of the Savings Bank above
mentioned, save and except such benefit as I or he may be entitled
to from such sum or sums as may be standing in my name as a
Depositor, on my own account; or as Trustee jointly with the name
or names, and on behalf of any other Depositor or Depositors.

Witness my hand, this
Signed by the said Trustee in
the presence of me,

day of
, 186
}

  1. Nothing in the last preceding clause shall be
    taken to limit or affect the provisions herein con-
    tained enabling the Postmaster-General to make
    payments of deposits to persons other than the
    depositor in certain cases.

  2. Deposits may be made by or for the benefit of
    any person under twenty-one years of age, and repay-
    ment shall be made to such minor after he shall have
    attained the age of seven years in the same manner as
    if he were of full age. In case of minors under the
    age of seven years, the Declaration must be made by
    one of the parents, or by a friend on behalf of the
    minor.

  3. Postmasters are instructed to explain to
    intending Depositors, that until minors attain to the
    age of seven years withdrawals from their accounts
    cannot be permitted.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1869, No 65





✨ LLM interpretation of page content

💰 Continuation of Post Office Savings Bank Regulations Clauses 5-16 (continued from previous page)

💰 Finance & Revenue
2 November 1869
Savings Bank rules, Deposits, Interest, Trustees, Minors, Withdrawals, Declarations