CO129-567-10 Companies Amendment Ordinance- draft bill 15-9-1938 - 28-9-1938 — Page 95

91

104

105

Declaration

as to Trust

Accounts.

Deposits by

Friendly

Societies.

Deposits by Charitable Societies.

6

21. Where a first deposit is made in the name of one person as trustee for another person whose name is also entered on the title of the account, such declaration as aforesaid shall be made by the trustee.

22.—(1) Where a first deposit is made by a Friendly Society the following rules shall apply :~

(i) Before making such deposit the trustees of the Society

shall forward to the Postmaster-General-

(a) A printed copy of the Rules of the Society. (b) An application signed by the said trustees for authority to make deposits, specifying by what officers or members of the Society it is proposed moneys deposited by the said Society should be withdrawn from time to time, and bearing and containing all such signatures and other information as the Postmaster-General may require. The Postmaster-General may from time to time prescribe the form of such application. (ii) The persons by whom the deposits of the said Society are to be withdrawn shall sign their names in the places provided for their signatures in the Deposit Book, and such signatures shall be deemed sufficient for all purposes.

(2) The trustees of a Friendly Society may, by direction in writing signed by them from time to time, amend their application so far as relates to the specification of the officers or members of the Society by whom the deposits of the Society may be withdrawn, and may strike out the names of any officers or members previously specified, and specify other officers or mem bers in lieu thereof or in addition thereto. The Postmaster- General may from time to time prescribe the form of such direction.

(3) The persons named in any such direction for the purpose of withdrawing deposits shall sign their names on the form of direction.

(4) Where a Friendly Society is at the time of making a first deposit, or subsequently becomes, a branch of a larger Friendly Society, any officers of the central body or of any other branch of the larger society may be specified as the persons by whom deposits may be withdrawn.

23. (1) Where a first deposit is made by the trustees or treasurer of a Charitable Society the following rules shall apply:

—

(i) Before making such deposit the trustees or treasurer of the Society shall forward to the Postmaster- General-

(a) A copy of the Rules of the Society or, if there be no Rules, a statement of the objects, constitution and character of the Society.

(b) An application signed by the trustees or treasurer of the Society for authority to make deposits, specifying by what officers or members of the Society it is proposed the moneys deposited should be withdrawn from time to time, and bearing and containing all such signatures and other information as the Postmaster-General may require. The Post- master-General may from time to time pre- scribe the form of such application.

(ii) The prescribed declaration shall be made by the trustees or treasurer of the said Society, and such declaration shall be deemed sufficient for all purposes.

(iii) The persons by whom the deposits of the said Society are to be withdrawn shall sign their names in the places provided for their signatures in the Deposit Book, and such signatures shall be deemed sufficient for all purposes.

(2) The trustees or treasurer of a Charitable Society may, by direction in writing signed by them or him from time to time, amend their or his application so far as relates to the specification of the officers or members of the Society by whom the deposits of the Society may be withdrawn, and may strike out the names of any officers or members previously specified, and specify other officers or members in lieu thereof or in addition thereto. The Postmaster-General may from time to time prescribe the form of such direction.

(3) The persons named in such direction for the purpose of withdrawing deposits shall sign their names on the form of direction.

24. Where a first deposit is made in the name of any Body Declaration

as to accounts Corporate the prescribed declaration shall be made by the officer

of Corporate of the Body Corporate making the deposit, and in every such Bodies. case such officer shall specify the capacity in which he acts.

25. Where a first deposit is made in the name of any Cor- Declaration

as to accounts poration Sole the prescribed declaration shall be made by the

of Corpora- person representing such Corporation for the time being,

tions Sole.

26. (1) Where a first deposit is made in the name of the Deposits by Registrar of a County Court, application to open an account shall Registrars of

County be made in the prescribed form, and such application shall be Courts. signed by the Registrar in the presence of a witness.

(2) Where a Registrar of a County Court in whose name an account has been opened ceases to be Registrar, notice of the change shall be forwarded to the Postmaster-General by the Judge of the County Court, together with a specimen of the signature of the new Registrar.

27.-(1) Where a first deposit is made in the name of the Deposits by Public Trustee, application to open an account shall be made Public

Trustee. in the prescribed form, and such application shall be signed

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