Postal savings

Bibliographic data

Monograph

Identifikator:: 869930397

URN:: urn:nbn:de:zbw-retromon-49420

Document type:: Monograph

Author:: Kemmerer, Edwin Walter http://d-nb.info/gnd/101827717

Title:: Postal savings

Place of publication:: London

Publisher:: Humphrey Milford

Year of publication:: 1917

Scope:: 1 Online-Ressource (VIII, 176 Seiten)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V - Investment of postal savings funds

Collection:: Economics Books

INVESTMENT OF FUNDS 121 the European War the Post Office Department was “virtually swamped” with requests to accept as collateral for postal savings deposits various kinds of temporary securities. In reply to these requests the Board of Trustees, November 19, 1914, adopted the following regulations: “Obligations of the general class embracing what are commonly known as ‘revenue bonds,’ ‘temporary bonds,’ ‘temporary notes,’ ‘certifi cates of indebtedness,’ ‘warrants,’ and the like obligations, whether issued in anticipation of the collection of taxes, assessments, or other reve nues, or of the sale of bonds or other obligations, or for similar purposes, will not be accepted as security for postal savings deposits: Provided, That in applying this regulation, consideration will be given to the legal status of the obligations submitted rather than the nomenclature em ployed in designating such obligations.” 24 Since the reorganization of 1913 the Solicitor for the Post Office Department (designated as the Assistant Attorney-General for the Post Office Department prior to November 9, 1914) 24 Pamphlet published by Post Office Department entitled, Determining the Legal Acceptability of Bonds Offered as Security for Postal Savings Deposits, 1915. See also Re port of the Solicitor for the Post Office Department to the Postmaster-General for the Year Ended June 30, 1914, pp. 8-12.

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