Regulations for Post-Office Savings-Banks




1112
THE NEW ZEALAND GAZETTE.
[No. 35

a former inmate of an industrial school on whose behalf deposits may have been made under the provisions of the 57th section of “The Industrial Schools Act, 1882,” by the manager of such school.

Definition of term “Savings-Bank,”

(2.) In this regulation the term “Savings-Bank,” without prefix, means the Post-Office Savings-Bank

PROCEDURE ON MAKING DEPOSITS.

Declaration to be made when account opened.

  1. (1.) Subject to the provisions of these regulations a depositor on making a first deposit, and whenever thereafter he is required so to do, shall specify his christian or fore name and surname, occupation, and residence, to the Postmaster General, and shall make and sign a declaration in the form No. 1 in the Second Schedule to “The Post Office Act, 1900.”

Exempt from stamp duty.

(2.) See Appendix, section 77, subsection (3).

Declaration as to accounts of infants under seven years of age.

  1. (1.) When a first deposit is made on behalf and in the name of an infant under seven years of age, such declaration as aforesaid shall be made by the person making the deposit, and such person shall specify at the foot of such declaration the day of the month and year on which the said infant will attain the age of seven years.

(2.) When deposits are made on behalf and in the name of an infant, under seven years of age, so soon as such infant attains the age of seven years he shall, when required by the Postmaster-General, make such declaration as aforesaid.

Declaration as to accounts of persons of unsound mind.

  1. When a first deposit is made on behalf of a person of unsound mind, such declaration as aforesaid shall be made by the committee of his estate, and in every such case the person making the deposit shall specify the capacity in which he acts.

Declaration as to trust accounts.

  1. When a first deposit is made in the name or names of a person or persons as trustee or trustees for another person whose name is also entered in the title of the account, such declaration as aforesaid shall be made by the trustee or trustees.

Deposits by friendly or other societies.

  1. Where a first deposit is made by a savings-bank or a legally constituted friendly, charitable, or provident society, or by societies registered under “The Trades-union Act, 1878,” or “The Industrial Conciliation and Arbitration Act, 1900,” or any amendments thereof, or by such other non-mercantile societies as the Governor in Council specifies from time to time, the following rules shall apply :-

(1.) Before making such deposit the trustees of the society shall forward to the Postmaster-General—

(a.) A printed copy of the rules of the society.

Application to be made by friendly and other societies to deposit.

(6.) An application signed by the said trustees for authority to make deposits, specifying by what officers or members of the society it is proposed moneys deposited by the said society should be withdrawn from time to time, and bearing and containing all such signatures and other information as the Postmaster-General may require.

Form may be prescribed.

The Postmaster-General may from time to time approve of the form of such application.

Declaration must be made.

(e.) The person or persons by whom the deposits of the aforesaid societies are to be withdrawn shall make and sign a declaration in form No. 2 in the Second Schedule to “The Post Office Act, 1900” (see Appendix), and shall also sign his or their names in the place provided in the depositor’s book, and such signatures shall be deemed sufficient for all purposes.

Friendly or other society may amend application.

(2.) The trustees of a savings-bank, or of a friendly, charitable, or provident society, or of societies registered under “The Trade-union Act, 1878,” or “The Industrial Conciliation and Arbitration Act, 1900,” or any amendments thereof, or of such other non-mercantile societies as the Governor in Council specifies from time to time, may, by direction in writing signed by them, from time to time amend their application so far as relates to the specification of the officers or members of the society by whom the deposits of the society may be withdrawn, and may strike out the names of any officers or members previously specified, and specify other officers or members in lieu thereof or in addition thereto. The Postmaster-General may from time to time approve of the form of such direction.

Particulars of each deposit must be furnished.

  1. (1.) Every depositor shall enter the amount of each deposit made by him on the form of voucher supplied for the purpose by the Postmaster-General; he must also sign his name on the said voucher, and state thereon the address to which he desires that the acknowledgment herein-after referred to may be transmitted.

Under no circumstances may a depositor enter any sum or make any entry whatever, except his signature, in the numbered book issued to him.

Depositor’s book.

(a.) When a first deposit is made, a numbered book (in these regulations referred to as the “Depositor’s Book”) shall be handed to the depositor, who must sign his name in the space provided therein for his signature.

Entry in depositor’s book, and acknowledgment of deposit.

(3.) See Appendix, section 69, subsections (1), (2), and (3).

Form of acknowledgment.

(4.) The acknowledgment of the Postmaster-General of the receipt of a deposit shall be signified by the Controller of the Post-Office Savings-Bank, or by such other officer as the Postmaster-General shall appoint for the purpose, and shall be in the following form :-

Depositor’s Book No. .

Savings-Bank Department,
General Post Office, Wellington, N.Z.

The Chief Postmaster having reported to the Postmaster-General the receipt by him of your deposit of the 19 , amounting to £ : : , that amount has been placed to the credit of your account in the books of this Department.

[N.B.—Should any alteration or erasure appear to have been made in this acknowledgment, or should it be inaccurate in any particular, it should be returned to the Controller, General Post Office, Wellington.]

Evidence of and title to deposits.

(5.) Such acknowledgment shall be conclusive evidence of the fact and amount of the deposit.

In order to allow a reasonable time for the receipt of such acknowledgment, the entry in the depositor’s book shall be evidence of title for six weeks from the date of the lodgment of the deposit: and if such acknowledgment shall not have been received by the depositor through the post within one month from



Next Page →



Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1903, No 35





✨ LLM interpretation of page content

💰 Regulations for Post-Office Savings-Banks (continued from previous page)

💰 Finance & Revenue
28 April 1903
Post-Office Savings-Bank, Regulations, Account management, Deposits, Withdrawals, Record retention, Order in Council