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
The receipt of this acknowledgment completes the depositor's
parliamentary title to repayment in full of principal and interest.
Should the depositor not receive his acknowledgment within _ten_ days
of making the deposit, application must be made (and it may always be
made free of postage) to the Postmaster-General for it. Experience has
shown that no depositor has been put to the trouble to write _twice_
for an acknowledgment, and but a very small modicum indeed have
written at all. Practically three days would suffice for the
operations required in England, and four for the greater part of
Ireland and Scotland; but in some few cases the longer period of ten
days is necessary. Were it not for the check, moreover, which the
department thus obtains upon its own officials, and the confidence
which the arrangement gives to depositors, the acknowledgment might
perhaps be dispensed with, inasmuch as the postmaster's entry in the
depositor's book is not bad evidence that the money has reached the
hands of a Government official,--a fact which, if it could not be
disputed, would not, we should imagine, be set aside.
In every subsequent case where a person adds to his first deposit,
exactly the same routine is followed. He may, however, if he desires
it, or requires it, continue his deposits in another bank from that in
which he originally opened his account; nay, if he chooses, he need
not make two deposits in any one bank, but may take a tour throughout
the country, or, if he lives in London, may go all round the
metropolis to the 450 banks there, and see which he likes best, and no
one will interfere with his freedom of choice. And though a depositor
of this curious description would give additional trouble, the routine
of the work is so simple that he would not embarrass the department in
any way.[188]
_With regard to Withdrawing Money._ A person having once run up a
score in the Post Office Banks, may withdraw it with great readiness
and with extraordinary and unexampled facilities. A depositor who
requires some, or all, of his money, has only to go to whichever Post
Office Bank he likes best, in whatever part of the country he may
happen to be at the time, and ask for the usual printed Form. He must
fill up this Form with the number of his deposit-book, the name of the
office where he commenced to make his deposits, the amount he wants,
and the place where he wants it paid, and adding his name, address,
and occupation, send the Form (which needs not to be post-paid, is
addressed on the back, and provided with an adhesive seal,) to the
Postmaster-General and wait the result.
Public-domain text, read in full here on John Shaqi.
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