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
Consequent on the Notice of withdrawal the Post Office Savings Bank
sends to the Depositor, to the address he has named Payment-order valid
for two months.
The order is sent as a rule by return of post, but in any case soon
enough for the repayment to take place within the limit named by the
Law of May 22^{nd} 1882:--upon notice of sums between 10 and 100
florins within 15 days, upon notice of sums between 100 and 500 florins
at the latest within a month, and finally, upon notice of sums over 500
florins, at the latest within two months of the arrival of the notice
at the Post Office Savings Bank.
On delivery of this order, _the Depositor, in the presence of the
Post Office Official, putting his signature in receipt to the Payment
Order_, and on producing the deposit-book, in which the sum paid back
will be entered by the Post Office official and deducted from the sum
total of the balance, the repayment to the depositor will follow at the
pay-counter.
The Depositor can authorise any person he pleases to receive payment
of a sum thus withdrawn by notice. If he possesses a watchword he
needs only to duly fill in the form, N^o 15 (authorisation) and to
give or send it by the person authorised with the deposit-book and the
payment-order. On this person presenting the authorisation and signing
the payment-order, and at the same time presenting the deposit book,
the sum will be paid.
But the Depositor can in like manner also request in the Notice that
the payment-order be sent to the person he has authorised to receive
it and whose address he has given. Then the Depositor sends the
deposit-book together with the authorisation to the person he thus
authorises to receive the payment. But for payment of the sum the
person thus authorised must, if not personally known to the post office
officials, produce a document for his identification or establish his
identity by bringing with him a witness.
For authorisation without the watchword, the legalisation of the
signature of the withdrawer, either in a law court or by a notary is
requisite.
9.--_Repayments without delay._
But also without having to send a previous notice to the Post Office
Savings Bank, a Depositor (Payer) can at once at any post office obtain
repayments of sums from 1 to 20 florins.
Repayments can be made without delay on producing the notice drawn out
according to the regulations together with the last acknowledgment of
receipt or abstract of the credit account with at the same time an
entry of the sum in the deposit-book.
Repayments made without delay are not allowed on authorisations, also
the whole balance of the depositor's account cannot thus be withdrawn,
but a sum of at least 50 kreutzers must remain in the book. This sum as
well as the interest can then in the usual way be withdrawn by notice.
Public-domain text, read in full here on John Shaqi.
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