117
Transfer
from one
account to another.
18
such payment can be made without inconvenience to the business of the Post Office the Postmaster may make payment accordingly, subject to the following rules, that is to say:
(a) The application must be in the prescribed form (a printed copy of which may be obtained at any Savings Bank Office), and must be accompanied by the Coupon Deposit Book.
(b) Repayment must not be made unless coupon receipts to at least the amount of the application are presented duly attached within the book.
(c) Except under authority from the Controller of the Post Office Savings Bank, repayment shall be made only to the depositor in person.
(d) The depositor must produce evidence to the satisfaction of the Postmaster or other Officer, that he is the person entitled to receive the amount stated in the application.
(e) The depositor must sign the receipt on the form of application in the presence of the Paying Officer, and that receipt shall be a good discharge to the Post- master-General for the sum specified in the applica-
tion.
(The Paying Officer shall detach from the book coupon receipts to the amount of the repayinent, and when
all the coupon receipts are detached the book shall be given up to and retained by the Postmaster-General. (g) When deposits stand in the name of more persons than one, all such persons shall attend and sign the necessary application and receipt.
Transfer of Deposits.
55.-(1) Any depositor may apply to the Postmaster-General for the transfer of deposits standing in his name into the name of any other person entitled to deposit in the Post Office Savings Bank.
(2) Such application shall be in the prescribed form, copies of which may be obtained from the Controller of the Post Office Savings Bank.
(3) Every such application shall be accompanied by the Deposit Book or by such other evidence as the Postmaster- General may require of the title of the depositor to the suns to which the application relates.
(4) Every such application shall also be accompanied by a statement of the full name and address of the person to whose name it is desired to transfer the deposits (herein-after re- ferred to as the transferee "), and particulars of the account (if any) to which the deposits are to be transferred.
(5) Upon receiving such application as aforesaid, and being satisfied as to the title of the applicant to transfer the deposits to which the application relates, the Postmaster-General may
1
19
transfer from the account of the applicant to the account of the transferee the sum specified in the application.
(6) In the event of such transfer being permitted such appli- cation shall be a good discharge to the Postmaster-General from the transferor for the sum specified therein.
(7) If the transferee is not already a depositor—
(a) He shall be required to make a like declaration to that
made in relation to a first deposit.
(b) A Deposit Book shall be handed to him and he shall sign his name in the place provided for his signature in such Book.
(c) Where the transfer is made into the name of a Chari- table Society, Body Corporate, or Corporation Sole, any such declaration and signature as last aforesaid shall (so far as the same are necessary in the case of a first deposit) be made and given by the person who would make and give the same in the case of a first deposit.
(8) This Regulation shall not apply to deposits standing in the name of the Registrar of a County Court.
56. Where deposits standing in the name of the Regis- Transfers of trar of a County Court may be transferred into the name of accounts of the Registrar of any other County Court in the United Registrars of County Kingdom, the Registrar into whose name the deposits are trans- Courts. ferred-
(a) shall sign a like application to that made in relation to a
first deposit by a Registrar; and
(b) shall sign his name in the place provided for the purpose
in the deposit book.
from account of deceased or insane
57.-(1) Any person of the age of 16 years or upwards to whom Transfer any sum due to a depositor at the time of his decease or to a depositor who is of unsound mind might be paid under and in accordance with the provisions of these Regulations, may, subject depositor. to the provisions of these Regulations, in lieu of withdrawing such sum apply to the Postmaster-General for the transfer of such sum into his own name or the name of any other person specified in such application.
(2) The provisions of these Regulations relating to the transfer of deposits shall apply to the transfer of sums from the account of a deceased depositor and from the account of a depositor who is of unsound mind so far as the same are applicable.
58. For the purpose of calculating interest every transfer from Incidents of one account to another shall be deemed to be a withdrawal and Transfer. deposit of the sum transferred.
Account.
59.-(1) Where deposits have been made in the name of one Alteration in person as trustee for another person whose name is also entered title of Trust in the title of the account, upon the application of such last-named person the Postmaster-General may, in case he should think it just and expedient so to do, remove the name of the trustee from the title of the account, and may substitute the name of another trustee in the place thereof, or may enter the account in the name of the person on whose behalf the deposits were made.