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Scope of
69. Except where otherwise stated, any such nomination shall Nomination. (subject to the provisions of these Regulations) be deemed to extend to all sums to which a nominator is entitled at the time of his decease in respect of Government Stock standing at the date of his decease to his credit in the Government Stock Register of the Post Office Savings Bank or in respect of a Savings Bank Annuity or Insurance, but a nominator may in a nomination expressly exclude any of such sums from the operation of such nomination. These Regulations as to such nominations shall not apply to any sum standing to the credit f an account in a Coupon Deposit Book.
Division of
sums
nominated.
Witness to Nomination
disqualified from taking under it.
70. A nomination may be in favour of one person or of several persons (who shall be clearly designated in the nomination), and in the latter case may direct that specific sums shall be paid to one or more of the persons named in the nomination, or that the persons named in such nomination may take the property nominated in specified shares, or may give directions to both effects.
71. No person who witnesses the signature of a nominator to a nomination shall take any benefit under such nomination.
Operation of 72. Subject to the provisions of these Regulations where the Nomination. Postmaster-General has no notice of the clain of any creditor
Payment of
debts out of nominated deposits.
Payment for
a nominee under 16.
of the nominator, the Postmaster-General shall pay the persons named in any such nomination made by such nominator, and in force at the time of his death, according to the directions of such nomination, notwithstanding the production of Probate of the Will of the deceased nominator or Letters of Administration to his estate, and the receipt of any person so named shall be a good discharge to the Postmaster-General for the sum so paid, notwithstanding such person has not attained the age of 21 years if such person has attained the age of 16 years.
73. Where, on the death of a nominator who has made a nomination, the Postmaster-General has notice of a claim of any creditor against the estate of such nominator, and such estate, apart from the amount nominated, appears to be insufficient to satisfy such claim, the Postmaster-General may, in his discretion, apply the amount nominated in or towards the satisfaction of such claim, but subject as aforesaid any payment made by the Postmaster-General to the nominee, shall be a valid payment, and the receipt of the nominee shall be a good discharge to the Postinaster-General for the sum so paid.
74. Where any person nominated to receive any sum on the the benefit of death of a depositor is an infant under the age of 16 years, and it is proved to the satisfaction of the Postmaster-General that funds are urgently needed for the maintenance, education, or benefit of such infant, the Postmaster-General in his absolute
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discretion may pay the sum mentioned in the nomination, or any part thereof, to any person who may satisfy the Postmaster- General that he will apply such money for the benefit of such infant, and the receipt of such person shall be a good discharge to the Postmaster-General for the amount so paid.
of a
75. Where any person named in any nomination made before Death of a on or after the date upon which these Regulations come into nominee operation and in force at the time of the death of the nominator after death by whom it was made dies after the death of such nominator nominator but before the Postmaster-General has paid such nominee, the and before provisions of these Regulations shall, subject to the provisions payment. of Regulation 73 hereof, apply to such nominee and to the sum payable to him as nominee as if at the date of his death such deceased nominee were a depositor in the Post Office Savings Bank and the said sum were deposited in his name in a Post Office Savings Bank account.
date upon
76.-(1) Nothing in these Regulations contained shall in- Nomina- validate or prejudice in any way any nomination made prior tions made to the date upon which these Regulations come into operation. prior to the (2) Any nomination made prior to the date upon which these which these Regulations come into operation shall be governed (subject never- Regulations theless to the provisions of Regulation 75 hereof) in all respects come into by the Post Office Savings Bank Regulations, 1910, and the Post Office Savings Bank Amendment (No. 1) Regulations, 1911, and such Regulations shall remain in force in all respects in relation to any such nomination accordingly.
operation.
77. On any certificate granted to a depositor by the Post- Nomina- master-General for the purpose of transferring deposits from tions to be the Post Office Savings Bank to a Trustee Savings Bank, a
entered on memorandum shall be made specifying the date and other Certificates.
Transfer particulars of any nomination made in respect of such deposits.
78.—(1) When deposits are transferred from a Trustee Effect of Savings Bank to the Post Office Savings Bank any nomination Transfer on made with respect to such deposits while in the Trustee Savings Nomination Bank shall (if such nomination is brought to the notice of the in Trustee
of Deposits Postmaster-General) be deemed to hold good with respect to Savings deposits in the Post Office Savings Bank.
Bank,
(2) The Postmaster--General may require proof to his satis- faction of the making of any such nomination, and that the same is at the date of the transfer of full force and effect.
Payment of Deposits of Deceased Depositors.
79. (1) The Postmaster-General may require proof to his Proof of satisfaction of the decease of a depositor.
(2) The Postmaster-General may accept as conclusive proof of the death of a depositor and of the date of the death of a depositor such statement or information as the Postmaster- General may in his absolute discretion think fit and a statement or information to his satisfaction that a depositor has not been
death.
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