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
It remains free to the holder of the stock-account book to cause the
Post Office Savings Bank to forward the coupons in its case, falling
due in their entirety or in part, either _in natura_ or in money to
himself or to a third party. This order should be sent to the Post
Office Savings Bank in sufficient time for it to arrive before the
coupons fall due.
When the coupons are detached and sent _in natura_, no commission is
charged, only the persons to whom they to be addressed must pay the
postage as when coupon interests are forwarded.
For banking coupons or lottery prizes, a commission will be charged as
for stock in case of the Post Office Savings Bank at 1 per thousand,
excepting, however, when the produce of the coupons is itself entered
to the account of the depositor.
* * * * *
The owner of a stock-account book can at any time request that his
stock in the public funds be sent to him or that it be sold. The
request is to be duly addressed to the Post Office Savings Bank on
form N^o 22^c in connection with N^o 24. The request forwarded to
the Post Office Savings Bank must contain the watchword and personal
signature of the person making the request and be accompanied by the
stock-account book and also by the deposit-book when it is a question
of entering the money resulting from the sale to the credit of the
depositor's account.
The sale takes place in agreement with the final state of the market
officially noted on the day the request arrived at the Post Office
Savings Bank upon a commission of 2 per 100, at the lowest, 20
kreutzers.
If a stock-account book is lost, the loser is to inform the Post Office
Savings Bank in writing, sending at the same time his watchword, and,
enclosing 20 kreutzers in postage stamps to request a duplicate.
If after eight days subsequent to the notice the stock-account book is
not found the Post Office Savings Bank will issue a duplicate and send
it to the depositor, or if an official act is sought with reference to
the book, the Post Office Savings Bank will enter into communication
with the actual possessor of the book and it will depend upon the
result whether the Post Office Savings Bank can grant the request
of the loser, or whether it decides to relegate the parties to the
magistrate in whose jurisdiction the matter lies.
11.--_Freedom from Cost of Postage and Commissions._
The correspondence of depositors with Post Office Savings Bank as well
as with the Receiving Offices and with the Post Office management is
always post-free, even in the case of a registered letter.
This favour however has no application to the sending of certificates
of stock or with reference to money transactions which result from the
purchase and collection of the interest on the stock, nor does it apply
to notices forwarded of their declared value, with the sole exception
of the deposit-book being sent by letter with the declared value for
the purchase of stock in the funds.
Public-domain text, read in full here on John Shaqi.
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