It is based on the centralisation at Vienna of the accounts of depositors holding cheque books and on the almost absolute perfectness of the regularity and precision with which all those interested are every time fully informed of their position of the Central Bank, and, in consequence, of the extent of the credit they have at their command. This institution implies the free adhesion under conditions fixed by law of all the depositors at the Savings Bank and the right of each to withdraw as he thinks proper. The institution therefore works on the ground of stipulated contract, but its elasticity is seen in the perpetually widening extension of its operations and its making way in every class of society and in every one of the professions. Its realization under the international form, for we give this character to an agreement between the Savings Banks of Austria and Hungary, is only a question of time, and the new experiment will prepare the way for a new enlargement of the system. The basis of the institution is monetary, it differs in this respect in no way from all the other modern institutions of credit and of balancing one account against the other; but the saving of money is ever on the increase. Within the monetary circulation is developed a circulation which if it remains still subordinate to the monetary circulation is not inevitably enchained to it. Our collective effort tends to break for ever this bond of subordination. The papers which will follow will be a contribution to that work. FOOTNOTES: [H] The account-books of _Empfang erlagscheine_ are used as instruments in this first class of operations. [I] Rückzahlungen auf grund von checks, zahlbar an den überbringer bei des Cassa des Postsparcassen Amtes. [J] Rückzahlungen an dritte personen durch zahlungsanweisungen des Postsparcassen Amtes. [K] Auszahlung von beträgen an dritte personen nittelst postanweisungen. [L] To accomplish operations in the remotest part of Dalmatia, five or six days is the maximum required. [M] A kreutzer is charged for posting a sum to the credit of an adherent, but no charge is made on the debit side. APPENDIX I Law of the 28^{th} of May 1882 _with reference to the introduction of Postal Savings Banks in the kingdoms and lands represented in the Imperial Council. (R. G. Bl.[N] N^o 56.) with the alterations made by the law of the 19^{th} of November 1897. (R. G. Bl. N^o 133.)_ With the consent of the two Houses of the Imperial Council I will to order as follow: ARTICLE 1. Under State administration and guarantee there will be founded at Vienna a State Savings Bank, under the control of the Minister of Commerce and belonging to the jurisdiction of the Postal Administration, with the title «Post Office Savings Bank». The sphere of activity, the organisation and the civil service of the Post Office Savings Bank will be fixed by means of ordinances.