A History of Banks for Savings in Great Britain and IrelandLewins, William
History
A History of Banks for Savings in Great Britain and Ireland
Lewins, William
Postal savings banks -- Great Britain; Savings banks -- Great Britain
1. That every holder of a Money Order Office shall act as
an agent of a Central Savings Bank, and shall receive
deposits of any amount within the limit fixed by statute.
2. That he shall enter each deposit in a numbered
depositor's book, to be kept by the depositor, and in an
account to be forwarded to London daily with his Money
Order account. That on the occasion of a first payment,
the depositor shall make the declaration prescribed by
statute, and also sign his name in his depositor's book.
3. That the holder of the Money Order Office shall charge
himself in his Money Order account with the total of the
deposits thus received.
4. That this account should, on arrival in London, be
regularly examined by the examiner of the Money Order
accounts; and that when this has been done the daily
schedule shall be forwarded to the Central Savings Bank.
5. That the Central Savings Bank shall immediately send an
acknowledgment for every deposit direct to the depositor
through the Post Office.
6. That a depositor who may wish to withdraw money, shall
give notice in writing[166] to the Central Savings Bank,
and shall receive therefrom a warrant for the required
amount, payable at the nearest Money Order Office.
7. That in presenting this warrant for payment, the
depositor must also present his depositor's book.
8. That the holder of the Money Order Office shall enter
withdrawals in the depositor's book, and shall account for
the money he shall pay, in the same manner as already
described in the case of deposits, and shall be credited
with the sums daily.
9. That the depositors' books shall be forwarded to London
annually, in order that they may be compared with the
ledgers in the Central Savings Bank, and in order that the
interest due may be inserted in them.
Public-domain text, read in full here on John Shaqi.
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