Full text : Postal savings

162

APPENDIX  B

credit  of  the  depositor  sufficient  to  meet  the  same,
a  warrant  for  the  amount,  less  the  cost  of  the
return  telegram,  shall  be  telegraphed  to  the  postmaster, ­
  who,  upon  receipt  of  the  same,  shall
make  the  payment  as  provided  in  paragraph  (a)
of  this  section.  If  there  are  not  sufficient  funds
available  at  said  post-office  for  the  payment,
said  fact  shall  be  mentioned  by  the  postmaster  in
the  aforementioned  telegram,  and  the  funds  for
the  payment  shall  be  sent  as  provided  in  paragraph ­
  (6)  of  this  section.
Sec.  14.  (a)  A  depositor  shall  not  be  permitted ­
  to  make  more  than  two  withdrawals  from
his  deposit  each  calendar  month.
(b)  The  Government  reserves  the  right  to  delay ­
  the  repayment  of  deposits  for  a  period  of
two  weeks  in  the  case  of  withdrawals  of  amounts
less  than  two  hundred  pesos,  and  one  month  in
the  case  of  withdrawals  of  amounts  of  two  hundred ­
  pesos  or  over,  in  addition  to  the  time  necessary ­
  to  forward  the  application  for  withdrawal
from  the  post-office  at  which  said  application  is
made  to  the  office  of  the  chief  of  the  postal  savings ­
  bank  division  at  Manila  and  to  return  the
warrant  issued  in  response  to  said  application.
(c)  A  depositor  shall  not  be  permitted  to
withdraw  a  smaller  sum  than  one  peso,  nor  shall
he  be  permitted  to  withdraw  any  sum  which  includes ­
  a  portion  of  a  peso:  Provided,  That  in
closing  his  account  he  may  withdraw  the  entire
amount  to  his  credit.
(d)  A  minor  shall  not  be  permitted  to  withdraw ­
  money  other  than  that  deposited  by  himself
in  his  own  name,  but,  upon  attaining  his  majority, ­
  he  may  withdraw  any  money  deposited
for  him,  in  accordance  with  the  conditions  upon
which  such  deposits  were  made.
Money  deposited  on  behalf  of  a  minor  by  his
parent  or  guardian  may  be  withdrawn  only  by
            
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