311215-1941-Supplementary-Draft-Bills--Rents — Page 18

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A person shall, on making application to purchase a certificate under this paragraph as a trustee, disclose the name of the beneficiary to the Accountant-General.

(4) Where a certificate has been purchased on behalf of a person who was, at the date of the purchase, under the age of seven years, the Accountant-General may, at any time after that person has attained the age of seven years, require a specimen of his signature.

5. Certificates may be issued—

(a) by the Postmaster General when paid for in currency or by money order or postal order, or cards in the prescribed form to which uncancelled postage stamps to the value of five dollars have been affixed; or

(b) by banks or other authorized institutions where paid for in currency or by cheque or dividend warrant, but such certificates may not be repaid until the cheque, money order, postal order or dividend warrant has been honoured and the credit therefor received by the Accountant-General. If for any reason the Accountant-General does not receive the proper credit for a cheque, money order, postal order or dividend warrant accepted in whole or part payment for any certificates issued, and if the holder of any such certificates refuses when called upon by the Accountant-General to make good the deficiency resulting from the non-receipt of such credit, the Accountant-General may cancel the transaction and may for that purpose require the surrender to him of any certificate or other document that has been issued to the purchaser.

Payment by cheque, etc.

6. A person shall not purchase any certificates or hold, or have Maximum any interest in, any certificates purchased on his behalf or in trust number of for him, if the total number of unit certificates which will be held certificates

which by him, or in which he will have an interest, immediately after the may

be purchase (whether solely or jointly with any other person), but not purchased. including certificates held by him as a trustee, will exceed two thousand:

Provided that, in calculating for the purposes of this regulation the total number of unit certificates which a person holds or in which he has an interest, a multiple certificate shall be taken to be such number of unit certificates as is represented by the multiple certificate.

Repayment of certificates.

of

7.-(1) Application for payment of the amount repayable in Applications respect of a certificate shall (subject to the provisions of these for payment regulations relating to repayment in the case of special classes of certificates. persons), be made by the holder of the certificate in writing in the prescribed manner.

(2) In the case of a multiple certificate, an application may be made for repayment in respect of any number of the unit certificates represented by the multiple certificate.

(3) A holder of certificate, being a person of the age of seven years or upwards, may, subject to the approval of the Accountant- General, authorize any person to apply for or receive on his behalf the amount repayable in respect of the certificate.

8. (1) Except where the Accountant-General otherwise directs, Repayment every payment of an amount repayable in respect of a certificate shall warrants. be made by a warrant in the prescribed form (in this regulation referred to as a repayment warrant "); and accordingly every application for repayment of any such amount shall be treated as implying an authority to the Accountant-General to issue a repay- ment warrant for that amount and to pay it in accordance with the terms of the warrant; so, however, that the death of any person who has made application for payment of the amount repayable in respect of a certificate shall not of itself determine the authority which, by virtue of the foregoing provisions of this regulation, is to be implied from the application, but if the Accountant-General receives notice that the applicant has died, or has countermanded the authority afore- said, the Accountant-General shall not issue the warrant or, if it has already been issued, shall take all reasonable steps to stop repay- ment thereof.