Social Comptabilism: The Cheque and Clearing Service in the Austrian Postal Savings Bank. Proposed Law laid before the Chamber of Representatives of Belgium — John Shaqi
Social Comptabilism: The Cheque and Clearing Service in the Austrian Postal Savings Bank. Proposed Law laid before the Chamber of Representatives of BelgiumSolvay, Ernest
General
Social Comptabilism: The Cheque and Clearing Service in the Austrian Postal Savings Bank. Proposed Law laid before the Chamber of Representatives of Belgium
Solvay, Ernest
Postal savings banks; Postal savings banks -- Austria
Post Office orders issued to the benefit of any person affiliated to
the cheque-service can, at his request be placed to the credit of his
account. He gives to this end, on forms required by the regulations,
an authorisation at his district post office. On its side the Central
Office of the Savings Bank puts itself in relation with the post
office. Ingenious combinations which are indicated in the instructions
reproduced in the appendix to this paper, cause the order to be
transmitted to the Money Order Office of the Viennese Post Office,
which in paying the amount to the Central Office of the Savings Bank
will at the game time inform of this transmission, the person in whose
favour the order is made out.
The Post Office Orders only take a very secondary position in the
accounts of the _cheque_ and _clearing_ service.
In 1884 their amount rose to 851,514 florins
» 1885 to 6,399,576 »
» 1886 » 14,197,234 »
» 1887 » 17,702,424 »
» 1888 » 17,853,284 »
» 1889 » 18,967,659 »
» 1890 » 22,349,594 »
» 1891 » 25,614,771 »
» 1892 » 26,271,893 »
» 1893 » 27,230,128 »
» 1894 » 28,252,117 »
» 1895 » 29,241,933 »
It is stated that the progressive movement is at once slower and more
regular since 1891, than it was previously.
_Thirdly._
The Postal Savings Bank receives in like manner for the benefit of
holders of cheque-books, dividend warrants due from the Austrian public
funds. It records the amount of them to the credit of the holder's
account and receives a fee of 1 kreutzer a piece.
It is the least important of the agencies which feed the credit of the
adherents of the system.
In 1884 the amount received was 3,310 florins
» 1885 44,056 »
» 1886 114,684 »
» 1887 134,588 »
» 1888 147,833 »
» 1889 131,944 »
» 1890 148,104 »
» 1891 167,199 »
» 1892 165,139 »
» 1893 176,524 »
» 1894 223,757 »
» 1895 254,497 »
_Fourthly._
The amount of claims to debts and bills rendered payable at the post
office can in like manner be placed to the credit of the adherent to
the cheque and clearing service in favour of whom these bills have been
drawn.
The importance of this agency is more considerable, but its progressive
development is said to move at an irregular rate.
Introduced in 1886, it was absolutely insignificant during the first
two years.
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