A depositor of the age of sixteen and upwards
A depositor of the age of sixteen and upwards
may nominate any person to receive any sum
(not exceeding £100) due to such depositor at
his death. Every nomination must be in writing
on the proper form, which may be obtained from
the Controller of the Savings Bank Department,
in London, to whom the nomination must be
sent during the depositors life-time.
Where, at the time of the depositors death,
the amount standing to his credit exceeds £100,
it will be necessary, in order to obtain payment,
that probate of his will, if any, or letters of
administration (if he has died intestate), should
be obtained in the usual manner.
Where the whole amount standing to the
credit of a depositor at the time of his death,
inclusive of Government Stock, does not exceed
£100, in default of a nomination, or probate,
or letters of administration, payment may be
made: I underestimate us Art Insurance. considering the influence needed.-
To any person who has paid the funeral
expenses of the depositor;
To creditors of the depositor;
To the widow or widower of the depositor;
To the persons entitled to the effects of
the deceased according to the Statute of
Distribution.
To any other person establishing, to the
satisfaction of the Postmaster General, a
claim in accordance with the Statutes and
Regulations relating to the Post Office
Savings Bank.
The salient points of the Post Office Savings
Bank have been placed before the reader, but in
connection with the system there is another
organization, for the purpose of purchasing
Government Annuities and effecting Life Insur-
ance, of so varied and elaborate a character that
every possible requirement seems to be provided
for. The “Post Office Guide,” which is pub-
lished quarterly, contains voluminous tables and
explanations in respect of this organization, and
full details and clear directions for the guidance
of the public in regard to the Savings Bank.
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