APPENDIX  B

of  the  postal  savings  bank  division,  who  shall
receive  a  salary  of  six  thousand  pesos  a  year
and  perform  his  duties  subject  to  the  direction
of  the  Director  of  Posts.
(6)  The  chief  of  the  postal  savings  bank  division ­
  shall  be  required  to  keep  a  separate  set  of
books  dealing  solely  with  the  operations  of  the
Postal  Savings  Bank,  and  to  make  a  monthly
statement  of  the  same  to  the  Director  of  Posts
and  to  the  Secretary  of  Commerce  and  Police,
and  at  the  end  of  eac  hfiscal  year  an  annual  report ­
  covering  in  detail  the  operations  of  the
postal  savings  bank  division.
(c)  The  chief  of  the  postal  savings  bank  division ­
  shall,  before  entering  upon  the  duties  of
his  office,  execute  a  bond  to  the  Insular  Government ­
  in  a  sum  to  be  fixed  by  the  Insular  Auditor, ­
  with  sufficient  surety  or  sureties,  to  be  approved ­
  by  and  filed  with  the  Insular  Auditor.
The  Insular  Auditor  may,  from  time  to  time,
require  that  the  bond  shall  be  increased  or  decreased ­
  according  as  the  exigencies  of  the  service ­
  require.
Sec.  3.  (a)  Any  person  six  years  of  age  or
over  residing  in  the  Philippine  Islands,  and  not
under  legal  disability,  may  open  an  account  to
his  own  credit  in  the  Philippine  Postal  Savings
Bank.
(6)  Any  person  resident  in  the  Philippine
Islands,  twenty-three  years  of  age  or  over,  and
any  person  under  twenty-three  years  of  age
who  is  the  head  of  a  family,  may  open  an  account ­
  for,  or  make  deposits  to  the  credit  of  the
account  of,  any  minor,  or  any  person  who,  by
reason  of  physical  or  mental  disability,  is  unable
to  manage  his  own  affairs.
(c)  Any  charitable  or  benevolent  society  in
the  Philippine  Islands  may,  with  the  approval,
previously  obtained  in  writing,  of  the  Director