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
For sums above 20 florins, the depositor, in case he has no watchword
must prove his own identity.
10.--_Business in the Public Funds._
When the Savings account of a depositor's exceeds 1,000 florins, the
Post Office Savings Bank is obliged to request the depositor by a
registered letter to lessen the amount of his saved up capital.
If within a month after the request the depositor has not lessened
the amount of his capital, there will at the expiration of the time,
be bought on his account in the course of the day, bonds of the only
stock issued in notes, to the amount of the sum required to reduce the
account to 1,000 florins, in any case for the nominal sum at least of
200 florins.
The price of this purchase will be entered to the debit of the
depositor's account as repayment; the bonds bought will remain under
the care of the Post Office Savings Bank and a Stocks-book will be
forwarded to the depositor.
* * * * *
A Depositor (Payer) who has in the Post Office Savings Bank an adequate
sum at his disposal can at any time request the Office to make
purchases for him in the Public Funds.
The request for the purchase is to be drawn up on Form N^o 22, and
must, if the purchased stock is to remain at the Post Office Savings
Bank contain a watchword. If the depositor already has a watchword in
connection with his deposit book that watchword is to be inserted.
If a depositor cannot write he must make his mark and have it attested
by a witness. If this witness is the same person who attested the
depositor's mark on the counter-cheque and in the deposit book, then
the request with the mark of the depositor and the signature of the
witness can be sent without further delay to the Post Office Savings
Bank. But if the signature of this witness cannot any longer be
obtained, the depositor has to go to a Receiving Office and himself
prove his own identity.
For the first purchase together with the request it is simply
necessary to enclose the deposit-book; for each subsequent purchase
the deposit-book and if it relates to deposited bonds the stock
account-book also must be sent.
The purchase is made as far as practicable according to the state of
the market as noted in the official price-list of the Vienna Exchange
on the day in which the request refered to reached the Post Office
Savings Bank, a commission being charged of 2 per thousand, which
however cannot amount to less than 20 kreutzers.
The stock bought will, according to desire of the depositor either be
sent at his own risk and cost to the address he names in his request or
be taken care of without cost by the Office under guarantee for kind
and number of documents, class of coupons and winning numbers in the
lotteries, and the Post Office Savings Bank will prepare and send to
the depositor with reference to them a «stock account-book» (Document
N^o 32).
Public-domain text, read in full here on John Shaqi.
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