Savings Banks Act, 1904

Expenses of penny savings banks.

26 & 27 Vict. c. 87.

2. It shall be lawful for the Trustees of a Trustee Savings Bank and for the Postmaster General to defray all or any of the expenses of any penny savings bank having a deposit account with the Trustees or the Postmaster General, as the case may be, incurred in obtaining necessary account books, stationery, or similar articles and in providing for the audit or inspection of the books and accounts of such penny savings bank, and the expenses so defrayed by the Trustees of a Trustee Savings Bank shall be deemed necessary expenses of a Trustee Savings Bank within the meaning of section two of the Trustee Savings Banks Act, 1863.