fullscreen: Postal savings

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160 
APPENDIX B 
not have the disposal of said funds until after a 
fixed period of time, the said period of ten years 
shall date from the expiration of the period so 
fixed. 
d e°pi t e°d Sec. 11. Postal savings bank funds deposit- 
TreasSrer % ^ Z*™™ P 0Stal «^ingS banks in the 
Philippine Philippine Islands shall be transferred through 
Islands. the Director of Posts to the Treasurer of the 
Philippine Islands for the credit of the Philip 
pine Postal Savings Bank, at such time and by 
such methods as the Director of Posts shall di 
rect: Provided, That no postmaster of any postal 
savings bank of the first class shall at any time 
hold in his possession, for a longer period than 
is absolutely necessary to provide for its ship 
ment to Manila, more than five thousand pesos, 
except upon the express authorization of the Di 
rector of Posts ; no postmaster of any postal sav 
ings bank of the second class shall at any time 
hold in his possession, under like conditions, 
more than one thousand pesos of postal savings 
bank funds, and no postmaster at any postal 
savings bank of the third class over two hundred 
pesos. 
Sec. 12. All postal savings bank funds and 
all proceeds therefrom shall be kept as a sep 
arate trust fund by the Insular Treasurer, and 
shall be used for no other purpose than those 
expressly provided for in sections eighteen, nine 
teen, and twenty of this Act. 
.®"°- 1S : («) A depositor wishing to make a 
posits. withdrawal shall present his deposit book at the 
office where the withdrawal is to be made, and 
shall sign in the presence of some officer of said 
postal savings bank, who shall witness the same 
by his own signature, an application for the 
amount to be withdrawn. This application shall 
be forwarded to the chief of the postal savings 
bank division, who, upon being satisfied that the
	        
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