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 II - The postal savings bank act of 1910

Collection:: Economics Books

46 POSTAL SAVINGS bonds is the provision of the act 34 that any deposi tor in a postal savings bank may surrender his deposit, or any part thereof, in sums of $20, $40, $60, $80, $100 and multiples of $100, and $500, and receive therefor the amount surrendered in United States coupon or registered bonds of the denominations mentioned above. These bonds bear interest at the rate of 2£ per cent, payable semi-annually, and are redeemable one year from date and payable twenty years from date. They may be issued “only (first) when there are out standing bonds of the United States subject to call, in which case the proceeds of the bonds shall be applied to the redemption at par of outstand ing bonds of the United States subject to call, and (second) at times when under authority of law other than that contained in this act the Gov ernment desires to issue bonds for the purpose of replenishing the Treasury, in which case the issue of bonds under authority of this act shall be in lieu of the issue of a like amount of bonds issuable under authority of law other than that contained in this act.” Aside from its relation to the subject of the re tirement of United States 2 per cent bonds and to various proposals for banking reform which were before the public in 1910, this provision of

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