Full text : Postal savings

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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  Philippine ­
  Postal  Savings  Bank,  at  such  time  and  by
such  methods  as  the  Director  of  Posts  shall  direct: ­
  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  shipment ­
  to  Manila,  more  than  five  thousand  pesos,
except  upon  the  express  authorization  of  the  Director ­
  of  Posts  ;  no  postmaster  of  any  postal  savings ­
  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  separate ­
  trust  fund  by  the  Insular  Treasurer,  and
shall  be  used  for  no  other  purpose  than  those
expressly  provided  for  in  sections  eighteen,  nineteen, ­
  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amount  to  be  withdrawn.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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