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
_Additions to the laws of March 16^{th} 1865 instituting a
General, Savings Bank, and of March 30^{th} 1879, codifying the
postal legislation._
ARTICLE 1.--The Savings Bank is authorised to organise, with the
assistance of the postal administration, a service of cheques and of
clearing in current accounts in the interest of those depositors who
shall satisfy certain conditions in virtue of the present law.
ART. 2.--This service shall have a distinct and separate administration
to that of the Savings Service; the bookkeeping operations to which it
gives rise shall be centralised at the Savings Bank in Brussels.
ART. 3.--All participation in this service by the opening of a current
account shall be voluntary; withdrawal shall always be possible.
ART. 4.--Royal decrees shall determine:
1. The general conditions of admission and particularly the minimum
of deposit which shall be required of every adherent and which shall
remain non-withdrawable so long as his participation in the service
shall continue; the carrying out of his withdrawal;
2. The conditions and the forms under which the Savings Bank shall
receive deposits of third parties and payments on account of adherents,
either directly or by the intermediary of the postal administration;
3. The rules according to which the adherents shall be able to
dispose of the free balance of their account, by means of cheques and
clearings; the conditions and the forms of the cheques given out; the
arrangements made to prevent errors and frauds; the intervention of
the postal administration in the payments or repayments effected on
account of the adherents;
4. The rules which will permit the accounts to be kept from day to day
and to enable the account holders to know the condition of affairs in a
regular manner;
5. The formation of a reserve sufficient to assure the regularity of
the operations;
6. The rate of interest which shall be given to the funds placed in the
cheque and clearing service;
7. The constitution of a reserve destined to cover the eventual losses
of this service;
8. The fees for collection which shall be charged to the adherents.
H. DENIS.
E. VANDERVELDE.
F. FLÉCHET.
L. BERTRAND.
T. NIEZETTE.
Transcriber's Notes:
Simple spelling, grammar, and typographical errors
were corrected.
Punctuation normalized.
Anachronistic and non-standard spellings retained as printed.
Italics markup is enclosed in _underscores_.
Bold markup is enclosed in =equals=.
Superscripts are indicated with a single caret (^) followed by
the superscripted text. If the superscript continues for more
than one character, then the text is surrounded by curly braces {
and } as well.
Added missing "FIGURE V." reference to top of page 57.
End of the Project Gutenberg EBook of Social Comptabilism, Cheque and
Clearing Service & Proposed Law, by Ernest Solvay and Prof. Hector Denis
Public-domain text, read in full here on John Shaqi.
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