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Part I.
Post Office Savings Banks.
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Extension of power of Postmaster-General to make regulations for post office saving banks.
24 & 25 Vict. c. 14.
26 & 27 Vict. c. 87.
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1. [Preamble.]
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(1) The regulations made by the Postmaster-General with the consent of the Treasury in pursuance of the Post Office Savings Banks Act, 1861, and of other Acts relating to post office savings banks, may provide—
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(a) for the payment or transfer of sums in any post office savings bank which belong to persons appearing to be minors or of unsound mind, or form part of the personal estate of any person appearing to be deceased, and
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(b) for the transfer of deposits from one account to another account, whether an existing or a new account, and
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(c) for determining the evidence to be accepted by the Postmaster-General of any matter for the purpose of the payment or transfer of any sum, and
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(d) for determining the receipts which are to be a good discharge to the Postmaster-General in the case of the payment or transfer of any sum, and
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(e) for applying to post office savings banks all or any of the enactments of the Trustee Savings Banks Act, 1863, either without modification or with such modifications as may seem necessary or proper for the better execution of the Post Office Savings Banks Act, 1861, and subsequent Acts relating to post office savings banks.
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(2) Provided that such regulations shall prohibit a person from being a depositor in both a trustee and a post office savings bank, or from having two separate accounts in the post office savings bank, and shall require such declaration from a depositor as may be necessary for preventing his having such two accounts. . . . .
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