1116
THE NEW ZEALAND GAZETTE.
[No. 35

ALTERATION IN TITLE OF TRUST ACCOUNT.
Alteration in title of trust account.

40. (1.) Where deposits have been made in the name of one or more persons as trustee or trustees for another person whose name is also entered in the title of the account, upon the application of such last-named person the Postmaster-General may, in case he should think it just or expedient so to do, remove the name of the trustee or names of the trustees, if there be more than one, from the title of the account, and may substitute the name or names of another or others in the place thereof, or may enter the account in the name of the person on whose behalf the deposits were made.

(2.) Where the name of a new trustee or names of new trustees, if there be more than one, is or are substituted, such trustee or trustees or the person on whose behalf the deposits were made, if the account is to remain open in the name of that person solely, shall make the declaration required upon the making of a first deposit.

(3.) In any case provided for by this regulation the receipt of the persons named in the title of the account, as altered in manner provided by this regulation, shall be a good discharge to the Postmaster-General for any sums standing to the credit of the account.

PAYMENT OF DEPOSITS OF DECEASED DEPOSITORS.
Proof of death.

41. The Postmaster-General may require proof to his satisfaction of the decease of a depositor.

Deposits under £100.

42. (1.) Where the whole amount due to a depositor at the time of his decease does not exceed one hundred pounds, exclusive of interest, and probate of the will of such depositor, or letters of administration to his estate and effects, is or are not produced within such time as the Postmaster-General thinks reasonable, the Postmaster-General may, without requiring probate of the will or letters of administration of the estate and effects of the deceased depositor, in his discretion pay or distribute the amount so due as aforesaid to or among any of the persons hereinafter described or indicated, that is to say :—

Persons whom the Postmaster-General may pay, failing production of probate or letters of administration.

(a.) Any person who has paid the funeral expenses of the depositor;
(b.) Creditors of the depositor;
(c.) The widow or widower of the depositor;
(d.) The persons entitled to the effects of the depositor according to the statutes of distribution;
(e.) The person entitled to take out probate or letters of administration to the depositor;
(f.) Any person undertaking to maintain the children of the depositor;
(g.) The Public Trustee.

(2.) In making such payment and distribution as aforesaid, the Postmaster-General shall have regard to the rules of law regulating the distribution of the estates of intestates, but he may, nevertheless, when he considers that injustice, hardship, or inconvenience would result from adherence to such rules, make such payment and distribution otherwise than in accordance with such rules.

(3.) The receipt of any of the persons mentioned in this regulation shall be a good discharge to the Postmaster-General for the sum paid, and any such receipt may be signed by any widow, widower, or next-of-kin above the age of sixteen years, notwithstanding that she or he has not attained the age of twenty-one years.

Deposits over £100.

43. (1.) In case any depositor shall die leaving any sum of money in the Post-Office Savings-Bank which (exclusive of interest) shall exceed the sum of one hundred 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 to the Chief Postmaster of the postal district, who, after satisfying himself as to their authenticity, will forward either the original document or an attested copy or extract to the Controller of the Post-Office Savings-Bank at Wellington for the decision of the Postmaster-General. But in any case within the terms of this and the last two preceding regulations the Postmaster-General may require such additional evidence as to death or identity of the deceased depositor or otherwise as be shall be advised or require.

Claim by Public Trustee where amount is under £250.

(2.) Where the estate of a deceased depositor which does not exceed two hundred and fifty pounds in value is being administered under “The Public Trust Office Consolidation Act, 1894,” or any amendment thereof, by the Public Trustee without any rule or order to administer, that official shall forward to the Controller of the Post-Office Savings-Bank at Wellington a statutory declaration signed by himself showing that the assets of the estate are within the aforesaid limit of two hundred and fifty pounds in value, and that he is lawfully administering the same, and thereupon the Controller of the Post-Office Savings-Bank will direct that payment of the deposit and interest thereon, if any, be paid to such Public Trustee.

Where amount is over £250.

(3.) Where the estate of a deceased depositor exceeds two hundred and fifty pounds in value, payment may be made to the Public Trustee on production to the Controller of the Post-Office Savings-Bank at Wellington of a rule or order to administer made under “The Public Trust Office Consolidation Act, 1894,” or any amendment thereof.

MISCELLANEOUS.

44. (1.) Rate of interest. See Appendix, section 76, subsection (1).
    (2.) Calculation of interest. See Appendix, section 78.
    (3.) Interest-earning limit. See Appendix, section 76, subsection (2).

Annual transmission of depositor's book to Chief Postmaster of district.

45. Every depositor shall once in each year, on the anniversary of the day on which he made his first deposit, and at any other time when required by the Postmaster-General, forward his book to the Chief Postmaster of the district in which his account is kept, in a cover to be obtained at any Savings-Bank office, in order that the entries in the said book may be compared with the entries in the books of the Postmaster-General, and that the interest due to the depositor may be inserted in his book.

Loss of depositor's book.

46. (1.) If any depositor shall lose his book, and shall desire a new book, application must be made by him to the Chief Postmaster of the postal district in which his account is kept, stating the circumstances, and enclosing stamps or a postal note of the value of one shilling. Forms of application may be obtained at any Savings-Bank office.

Depositor's book dilapidated.

47. If a book becomes dilapidated through ill-usage, the depositor may be required to make