Post Office Savings-Bank Regulations




1118
THE NEW ZEALAND GAZETTE.
[No. 35

the same postal district for a further period of three clear calendar months, unless the account in the meantime be transferred thereto. The depositor may, however, make deposits in other postal districts, subject to the same limitation of time.

Withdrawals from accounts open in another district.

  1. The Postmaster-General may authorise withdrawals by transfer to be made from Savings-Bank accounts open in districts other than that in which application is made for repayment; but the period within which withdrawals may be so made in any one district is limited to three clear calendar months from the date of the first withdrawal so made from an account.

Settlement of disputes.

  1. See Appendix, section 75.

Depositor's book must be given up when account closed.

  1. When a depositor applies for payment of the balance of money deposited and of interest, and desires the account to be closed, the depositor's book must be given up. Should a new account be afterwards opened, it will be necessary that a new depositor's book be issued, and that these regulations should be strictly conformed to.

Penalty for closing account within twenty-eight days from date of opening.

  1. If a depositor opens an account and closes it again within a period of twenty-eight days from the date on which he opened it, he will be charged a fee of one shilling.

Secrecy.

  1. (1.) See Appendix, section 72.

Cases in which information may be given.

(2.) See Appendix, section 72.

Marriage of female depositor.

  1. When a female depositor marries she shall submit a certificate of such marriage to the Chief Postmaster of the district in which her account is open, or, where such certificate is not readily obtainable, she shall furnish evidence of her marriage by means of a statutory declaration. She must also sign her married name in her depositor's book and upon the declaration made when her Savings-Bank account was opened.

DESTRUCTION OF SAVINGS-BANK USED BOOKS AND FORMS.

Period during which books and forms to be kept.

  1. (1.) The period of time for which the documents hereinafter described shall be retained in the custody of the Postmaster-General is as follows:—

Deposit slips for deposits made in the Post-Office Savings-Bank … … 6
Withdrawal notices from the Post-Office Savings-Bank … … … 10
Receipts for withdrawals from the Post-Office Savings-Bank … … 10
Advices of paid Savings-Bank warrants … 1
Depositors’ books relating to closed accounts in the Post-Office Savings-Bank… 3
Daily Cash Account Books … … 10
Filed Savings-Bank Journals … … 10
Statements rendered with accounts, and copies thereof … … … 10
Acknowledgment of receipt of remittance 1
Advice of remittance … … … 1

Manner of disposal of obsolete books and forms.

(2.) After the expiration of the period named in each case the respective documents shall be burnt, in the presence of two officers, to be deputed by the Secretary to the General Post Office to supervise their destruction.

Penalty.

  1. Any person committing a breach of any of the foregoing regulations is liable for each offence to a penalty not exceeding fifty pounds.

APPENDIX.

“THE POST OFFICE ACT, 1900.”
Appointment and Conduct of Post-Office Savings-Bank.

Existing Post-Office Savings-Bank retained.

  1. The Post-Office Savings-Bank and all offices thereof as constituted and appointed under any Act hereby repealed and subsisting at the commencement of this Act shall be deemed to be constituted and appointed under this Act.

Postmaster-General may appoint Post-Office Savings-banks.

  1. The Postmaster-General may from time to time appoint post-offices to be offices of the Post-Office Savings-Bank for the purposes of this Act, and may authorise and direct Post officers to receive deposits, and to repay such deposits together with the interest accrued thereon:

Provided that, except in the case of the savings-banks and societies mentioned in section seventy-six hereof, no deposit of less than one shilling or a multiple of one shilling shall be received.

Deposits to be entered in books and acknowledged.

  1. (1.) The Post officer receiving a deposit shall, at the time when he receives it, enter the amount thereof in the depositor’s book, and attest the entry by his initials and the dated stamp of his office.

(2.) He shall also report the amount of such deposit to the Chief Postmaster under whose control he is, and the Chief Postmaster shall report the same to the Postmaster-General, who shall acknowledge the same to the depositor.

(3.) The acknowledgment of the Postmaster-General, signed in the prescribed manner by the officer whom he appoints for that purpose, shall be forthwith transmitted by post to the depositor by that officer.

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

How deposits may be withdrawn.

  1. (1.) A depositor desiring to withdraw any money from his account may be required to give at least seven days’ previous notice in the prescribed form to the Chief Postmaster of the postal district in which the account is kept, and in such notice shall specify the amount to be withdrawn and the Post-Office Savings-Bank office at which he desires the payment to be made.

(2.) Upon receipt of such notice the Chief Postmaster shall forward to the depositor a warrant in the prescribed form authorising the payment to be made in terms thereof.

(3.) Forthwith upon the expiration of such notice (or earlier if the Postmaster-General thinks fit) the depositor, upon presentation of his deposit-book and the aforesaid warrant at the Post-Office Savings-Bank office where the amount to be withdrawn is payable, shall be entitled to receive payment thereof.

(4.) Subject to prescribed regulations, the payment may be arranged by electric telegraph.



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VUW Te Waharoa PDF NZ Gazette 1903, No 35





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

💰 Finance & Revenue
Savings-Bank, Regulations, Deposits, Withdrawals, Warrants, Transfers