APPENDIX  B,  No.  1

THE  PHILIPPINE  POSTAL  SAVINGS
SAVINGS  BANK  ACT,  AS  AMENDED
TO  JULY  1,  1917 1

AN  ACT  TO  ENCOURAGE  ECONOMY  AND  SAVING
AMONG  THE  PEOPLE  OF  THE  PHILIPPINE  ISLANDS,
AND  TO  THAT  END  TO  PROVIDE  FOR  THE  ESTABLISHMENT ­
  OF  POSTAL  SAVINGS  BANKS  AND  THEIR
ADMINISTRATION  THROUGH  THE  ORGANIZATION  OF
A  POSTAL  SAVINGS  BANK  DIVISION  IN  THE  BUREAU
OF  POSTS,  AND  FOR  OTHER  PURPOSES.
By  authority  of  the  United  States,  be  it  enacted
by  the  Philippine  Commission,  that:
Section  1.  There  shall  be  established  in  the
Philippine  Islands,  under  the  control  and  management ­
  of  the  Director  of  Posts,  an  institution
to  be  known  as  the  Philippine  Postal  Savings
Bank.
Sec.  2.  (a)  In  order  to  facilitate  the  proper  The  Postal
administration  of  the  Philippine  Postal  Savings  Division  B and
Bank,  there  is  hereby  created,  as  a  part  of  the  its  duties.
Bureau  of  Posts,  a  division  to  be  known  as  the
postal  savings  bank  division,  which  shall  be  presided ­
  over  by  an  officer  to  be  known  as  the  chief
i  Amendments  were  made  on  the  following  dates:
March  22,  1907;  May  19,  1909;  April  19,  1910;  and
January  26,  1915;  Act  No.  1640,  of  May  3,  1907,  which
is  given  on  pages  168-169,  is  also  amendatory  of  the
Philippine  Postal  Savings  Bank  act,  although  the
Legislature  did  not  incorporate  it  in  the  act  as
an  amendment.

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