Probably in no country in the world is the poor man so dependent upon the Post Office for the transmission of small sums of money as in India. The average value of an inland money order in 1917-18 was Rs.18, and it is not infrequent for amounts as small as Rs.5 to be sent by telegraphic money order. The reason undoubtedly is the facility with which payment is made and the absolute confidence which the Indian villager places in the Post Office. An Indian coolie in Burma, who has saved a few hundred rupees and wants to return to his village, seldom carries the money on his person, and he has a strange mistrust for banks; they are much too grand places for him to enter. He usually goes to a post office and sends to himself a money order addressed to the post office nearest his own home and then he is satisfied. It may be months before he turns up to claim the money, as he frequently gets a job on the way back or spends some time at a place of pilgrimage, but he knows that his money is safe enough and he is quite content to use the Post Office as a temporary bank to the great inconvenience of the Audit Office. It is not too much to say that the money order system of India is part and parcel of the life of the people. They use it to assist their friends and defy their enemies. They have in that magic slip of paper, the money order acknowledgment, what they never had before, that which no number of lying witnesses can disprove, namely, an indisputable proof of payment. CHAPTER VIII SAVINGS BANK The first Government Savings Banks were opened at the three Presidency towns of Calcutta, Madras and Bombay in 1833, 1834 and 1835, respectively. These Banks were announced as intended for the investment of the savings of "all classes British and Native," the return of the deposits with interest being guaranteed by Government. Between 1863 and 1865 the management of the Savings Banks was transferred to the Presidency Banks, and each Presidency framed its own rules. The first deposits were limited to Rs.500, and upon the balance reaching this sum it was invested in a Government Loan. The limit was gradually increased to Rs.3000 with interest at 4 per cent, but, as it was found that many people deposited the maximum amount at once, a rule was brought in prohibiting the deposit of more than Rs.500 a year in any one account.