✨ Post Office Savings Bank Regulations




THE NEW ZEALAND GAZETTE. 605

Treasurer, or Officer, and the receipt of such person
apparently authorized shall be a sufficient discharge for
the same.

A Return showing the Balance of Deposits at
credit of each account remaining open on the 31st
December, with the interest accrued thereon.

  1. In the event of the death, removal, or resigna-
    tion of a Trustee of a Friendly, Charitable, or Provident
    Society, or Savings Bank, or the alteration of the
    persons named as Trustees on opening its account in
    a Post Office Savings Bank, such Society, or Savings
    Bank, or the persons having the management thereof
    shall furnish the Chief Postmaster with a note of such
    death, removal, or resignation, and (on the appoint-
    ment of every new Trustee) a certified extract from the
    Minute Book of the Society or certified copy of the
    Resolution by which he has been appointed, shall in
    like manner be forwarded to the Chief Postmaster.

ACCOUNTS.

  1. Chief Postmasters of Provinces and other Ac-
    counting Postmasters will render Monthly Accounts to
    the Controller of Money Orders and Saving Banks, and
    Sub-Postmasters to their respective Head Offices. The
    Sub-Postmasters will remit their surplus receipts to the
    respective Chief or Accounting Post Offices to which
    they are accountable, in sufficient time to reach that
    Office, not later than the last business day of each
    month, when required to remit monthly only; but if
    the Chief Postmaster thinks it necessary or desirable
    that they should remit oftener, he may require them
    to do so.

  2. Accounting Postmasters will supply their sub-
    officers with money when the receipts of these officers
    are insufficient to meet the demands on them for pay-
    ment of Savings Bank Withdrawals, and the Interest
    on closed accounts.

  3. When Chief and other Accounting Postmasters
    require funds to meet demands on their own or their
    sub-offices on account of Savings Banks, they are
    authorized to obtain such funds by draft on the Post-
    master-General through the Bank, in the manner and
    on the form supplied to them for that purpose.

  4. Chief and other Accounting Postmasters will pay
    their surplus receipts from Savings Bank Deposits into
    the Bank of New Zealand, from time to time, to the
    Postmaster-General's Account; and all receipts for
    duplicate Deposit Books sold, duplicate Warrants
    issued, and from Fines for Accounts opened and closed
    again within the period of one month, to Public
    Account monthly or oftener, along with the Commis-
    sions received for Money Orders.

  5. Accounting Postmasters will, on the 9th, 16th,
    23rd, and last day of each month, furnish the Controller
    of Money Orders and Savings Banks with a Statement
    of Receipts and Disbursements on account of Savings
    Bank transactions, on the form supplied for that
    purpose.

RETURNS.

  1. Every Chief Postmaster and Accounting Post-
    master must transmit to the Controller the following
    periodical Returns :-

Quarterly.

Of the number, amount, &c., of Deposits and
Withdrawals in his Province or District by months,
as per form supplied.

A similar Return showing the same information for
each Office in the Province, as per form supplied.

Annually.

Returns comprising the four Quarters of the Year,
for each Month and for each Office as above.

DEATH AND INSANITY.

  1. In case any Depositor shall die leaving any
    sum of money not exceeding Β£20, inclusive of interest,
    deposited in the Post Office Savings Bank, and Probate
    of his Will or Letters of Administration be not produced
    to the Chief Postmaster of the Province, or if notice
    in writing of the existence of a Will, and intention to
    prove the same, or to take out Letters of Administration,
    be not given to the Chief Postmaster of the Province,
    at his Chief Office, within the period of one month from
    the death of the Depositor; or if such notice be given,
    but such Will be not proved, or Letters of Adminis-
    tration be not taken out, and the Probate or Letters of
    Administration (as the case may be) produced to the
    Chief Postmaster of the Province within the period of
    two months from the death of the Depositor, it shall be
    lawful for the Postmaster-General, after such period of
    one or two months, as the case may be, to pay all just
    debts due or owing by such deceased Depositor, and to
    defray the expenses of his funeral, so far as the said
    sum of money shall extend, and divide the surplus, if.
    any, at his discretion, to or amongst the widow or
    relatives of the deceased Depositor, or any one or more
    of them; or, if he shall think proper, according to the
    Statute of Distribution.

  2. When there is no Will nor Letters of Adminis-
    tration, the claimant of the deceased Depositor's account
    must make a statutory declaration before a Magistrate,
    setting forth the grounds on which he claims it, and
    forward the declaration to the Chief Postmaster,
    together with certificates, or other satisfactory evidence,
    of the death of the Depositor, and of his identity. A
    statement showing, as far as may be, where deceased
    was born, what relatives he had in New Zealand or
    elsewhere, and what debts he left, if any, must also be
    produced.

  3. In case any Depositor shall die leaving any sum
    of money in the Post Office Savings Bank which
    (inclusive of interest) shall exceed the sum of Twenty
    pounds, the same shall only be paid to the Executor
    or Administrator on the production of the Probate of
    the Will, or Letters of Administration of the estate or
    effects of the deceased Depositor, or of a rule or order
    to administer made under "The Intestate Estates Act,
    1865," to the Chief Postmaster of the Province, who,
    after satisfying himself as to their authenticity, will
    forward an attested copy, or extract, with the usual
    application, to the Controller, Money Orders and
    Savings Banks, for the decision of the Postmaster-
    General. Provided that in cases where the estate of
    the deceased depositor is being administered under the
    provisions of "The Intestate Estates Act, 1865,"
    without any rule or order to administer, the Curator
    shall forward to the Chief Postmaster a statutory
    declaration, signed by himself, showing that the assets
    of the estate to be administered are under the value of
    fifty pounds, and that he is lawfully administering the
    same, and thereupon the deposit and interest may be
    paid to such Curator.

  4. If any Depositor, being illegitimate, shall die
    intestate, leaving any person or persons who, but for
    the illegitimacy of such Depositor, or of such person
    or persons, would be entitled to the money due to such
    deceased Depositor, it shall be lawful for the Post-
    master-General, with the advice in writing of the
    Attorney-General or Law Adviser of the Crown, to pay



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1869, No 65





✨ LLM interpretation of page content

πŸ’° Continuation of Post Office Savings Bank Regulations (Clauses 46-56) (continued from previous page)

πŸ’° Finance & Revenue
2 November 1869
Savings Bank rules, Trustees, Accounting procedures, Monthly returns, Deceased depositors, Intestate Estates Act