al
118
119
Alteration
of title in joint
accounts.
Addition of
20
(2) Where the name of a new trustee is substituted, such trustee shall make the declaration required upon the making of a first deposit.
(3) In any case provided for by this Regulation the receipt of the persons named in the title of the account as altered in manner provided by this Regulation shall be a good discharge to the Post- master-General for any sums standing to the credit of the account. 60.—(1) Where deposits have been made in the joint names of two or more persons whose names are all entered in the title of the account, upon the application of all such persons or the sur- vivors or survivor of them, the Postmaster-General may, in case he should think it just and expedient so to do, remove the name or names of one or more of such persons from the title of the account and may substitute the name of another or others in the place thereof provided the consent in writing of such person or persons whose name or names it is desired to substitute be first obtained. Every party to the account as altered shall make the declaration required upon the making of a first deposit.
(2) In any case provided for by this Regulation the receipt of all persons named in the title of the account as altered in manner provided by this Regulation shall be a good discharge to the Postmaster-General for any sums standing to the credit of the account.
61. (1) Upon the application of any depositor the Postmaster- names to an General may, where he deems it just and expedient so to do, add the name of one or more persons in the title of the account of such depositor.
account.
Transfer to other Savings Bank.
Transfer
(2) Every person whose name is added in the title of an account under this Regulation shall make the declaration required upon the making of a first deposit, but the addition of a nanie or naines to an account under this Regulation shall not be deemed to he the opening of a new account in the Bank.
62. (1) An application to transfer the account of a depositor from the Post Office Savings Bank to a Trustee Savings Bank or to the Government Savings Bank of any British Possession or Foreign Country shall be made in the prescribed form, and shall be accompanied by the Deposit Book, or by other evidence to the satisfaction of the Postmaster-General of the title of the applicant to the deposits to which the application relates.
(2) In the case of a transfer to the Government Savings Bank of a Foreign Country there shall be deducted by the Postmaster- General from the amount of the deposits transferred a sum equal to 1d. for every £2 transferred and for the purpose of such deduction any fraction of £2 not less than half shall be treated as a complete sum of £2.
63. Upon production of a certificate from a Trustee Savings from Trustee Bank certifying the sum due to a depositor in respect of money Savings Bank,
deposited by him in the said Bank, and that such depositor has closed his account with such Bank, the amount mentioned in the said certificate shall as regards procedure be treated as a first deposit made in the name of the applicant, and the applicant shall make the prescribed declaration and observe such other rules as are applicable to the making of a first deposit.
21
64.-(1) Where application is made to the Postmaster-General Transfer to transfer to the Post Office Savings Bank any sum standing to the credit of a depositor in the Government Savings Bank of a British
from Savings Bank of British Possession or Foreign Country the Postmaster-General Possession may place such sum to the credit of such depositor's account in or Foreign the Post Office Savings Bank.
Country.
(2) Subject to the provisions of the Savings Banks Act, 1904(a) and of this Regulation, sums transferred to the Post Office Savings Bank from the Government Savings Bank of a British Possession or Foreign Country shall for all purposes be treated as deposits made in the l'ost Office Savings Bank,
Nominations.
nominate.
65. Subject to the provisions of these Regulations, a depositor A depositor of the age of 16 years or upwards, may (on and after the date may upon which these Regulations come into operation) nominate any person to receive any sum due to such depositor at his decease, but a nominator may not have more than one nomina- tion in force at any time, Provided nevertheless that the Post- master-General may in his absolute discretion refuse to accept or register any nomination,
66.--(1) Every such nomination shall be in writing, and shall Require- be signed by the nominator in the presence of a witness, and ments of a shall be sent by post or otherwise to the Controller of the Post
Nomination. Office Savings Bank during the lifetime of the nominator.
(2) Every such nomination shall be in the prescribed form which may be obtained from the Controller of the Post Office Savings Bank.
67. Every such nomination shall be registered by the Post- Registration. master-General and returned to the nominator.
68. (1) Any such nomination shall be revoked by the death Revocation. of the nominee in the lifetime of the nominator or by the marriage of the nominator eubsequent to the making of the nomination or by written notice of revocation signed by the nomi- nator in the presence of a witness (who must also sign the notice) and sent for registration in accordance with the provisions of this Regulation or by any subsequent nomination made by the nominator.
(2) Any such written notice of revocation shall be sent by post or otherwise to the Controller of the Post Office Savings Bank during the lifetime of the nominator, and shall be registered by the Postmaster-General in like manner nomination.
as in the case of a
(3) Any such nomination shall not be revoked by any Will or by any events or means other than those specified in this Regulation.
(4) Where the Postmaster-General has paid money to a nominee in ignorance of the fact that the nominator has married subsequently to the making of the nomination the receipt of the nominee shall be a valid discharge to the Postmaster-General.
(a) 4 E. 7. c. 8.