All post offices in the kingdoms and lands represented in the Imperial Council are appointed to be Receiving Offices of the Post Office Savings Bank, and have daily during the prescribed hours to carry out the Post Office Savings Bank Service. They receive deposits, effect payments back, give information about all branches of the Post Office Savings Bank Service, and in connection with this Institution, aid the depositors in every way.
2.—Depositors and Payers.
Any one can become a Depositor in the Post Office Savings Bank and obtain a deposit-book, or cause another person to obtain one, upon making, in conformity with the regulations, a payment at a Receiving Office, of a given sum within the prescribed limits.
Societies, Unions, Cooperative Associations and persons having a legal position are competent depositors in the Post Office Savings Bank.
The person in whose name the book has been issued is to be regarded as the Depositor.
No Depositor is permitted to obtain, or cause to be obtained on his behalf, more than one deposit-book issued in his name; on the other hand every one is free, beyond their own deposit-books, to obtain for other, wholly distinct persons, deposit-books and to pay in deposits on their behalf.
Whoever in favour of another,—the depositor,—pays in the first payment and signs the deposit-book in his name is called the Payer.
Any one can be a Depositor who can read and write. Minors no more than persons having a legal position are debarred from being depositors.
The Post Office Savings Bank regards the Payer as empowered in the name of the Depositor to dispose of the balance to his credit as long as the latter has not informed the Post Office Savings Bank that it is against his will.