Her Majesty's Mails

William Lewins · 1864 · 435 pages

Her Majesty's Mails

William Lewins401

(m) No money-order business is transacted at any post-office on Sundays. On every lawful day, the time for issuing and paying money-orders is from ten till four at the chief offices in London, Edinburgh, and Dublin, and from nine till six at provincial offices. On Saturday nights it is usual to allow two extra hours for this business. POST-OFFICE SAVINGS BANKS. We have already explained at some length the origin and ordinary working of these banks; the following résumé of the distinctive features of the new plan may therefore suffice:-- (a) Nearly all the money-order offices in the United Kingdom are now open each working-day for the receipt and payment of savings-bank accounts. (b) Deposits of one shilling, or any number of shillings, will be received, provided the total amount of deposits in any one year does not exceed 30l., or the total amount standing in one name does not exceed, exclusive of interest, 150l. (c) Each depositor, on making the first payment, must give every necessary particular regarding himself, and sign a declaration. He will then receive a book (gratis) in which all entries of payments and withdrawals will be regularly made by an officer of the Post-Office. (d) Interest at the rate of 2l. 10s. per cent. is given on all money deposited. (e) Secrecy is observed with respect to the names of depositors in post-office banks, and the amounts of their deposits. (f) Depositors have direct Government security for the prompt repayment, with interest, of all their money.

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