Commonwealth Savings Bank Regulations (Cth)

STATUTORY RULES.

1928. No. 77.

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REGULATIONS UNDER THE COMMONWEALTH BANK ACT 1911-1927.

I,THE DEPUTY OF THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following regulations under the Commonwealth Bank Act 1911-1927 to come into operation forthwith.

Dated this 26th day of July, 1928.

Deputy of the Governor-General.

By His Excellency’s Command,

Treasurer.

 

REGULATIONS UNDER THE COMMONWEALTH BANK ACT 1911-1927.

Part I.—Preliminary.

Short title.

1. These regulations may be cited as the Commonwealth Savings Bank Regulations.

Parts.

2. These Regulations are divided into Parts, as follows:—

Part I.—Preliminary.

Part II.—General.

Part III.—Issue of Debentures by the Savings Bank.

Part IV.—Appeal Board.

Interpretation.

3.—(1) In these Regulations unless the contrary intention appears—

“the Act” means the Commonwealth Bank Act 1911-1927 as amended from time to time;

“Officer” means an officer of the Savings Bank, but not a Savings Bank officer;

“Probationer” means an employee on probation for admission to the service of the Savings Bank;

“Branch” means a branch of the Savings Bank at which ledger accounts are kept;

“Superintendent” means an officer in charge of the Savings Bank in a State;

“Debenture” means a debenture issuable under the Act;

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“Savings Bank agency” means an office at which Savings Bank deposits are received and re-paid or received only, but at which ledger accounts of depositors are not kept;

“Savings Bank officer” means any officer appointed by the Commission to carry on Savings Bank business, and includes any officer acting as agent of the Savings Bank in pursuance of section 35u of the Commonwealth Bank Act 1911-1927;

“the Secretary” means the Secretary to the Savings Bank appointed in pursuance of the Act.

(2) Any reference to a Form shall be read as a reference to a Form in the Schedule to these Regulations.

Head Office.

4. The Head Office of the Savings Bank shall be located in Sydney, in the State of New South Wales.

Declaration of fidelity and secrecy to be made by Commissioners.

5. The declaration to be made by each member of the Commission, pursuant to section 35l of the Act, shall be in accordance with Form A.

Duties and Remuneration.

6. The Commission shall fix the duties of officers, Savings Bank, officers and servants of the Savings Bank and shall from time to time fix their remuneration.

Probationers.

7. Every probationer, on joining the service of the Savings Bank, shall sign “Probationary Articles of Agreement” and a “Declaration of Secrecy” and shall be assured by a bond for Five hundred pounds (penal) by a Fidelity Guarantee Society, approved by the Commission, to secure his fidelity during his term of probation.

Officers.

8. An officer, on his admission to the service of the Savings Bank, shall be required to sign “Articles of Agreement” and “Declaration of Secrecy”.

Duty of Secrecy.

9. An officer, probationer or Savings Bank officer shall not allow any person to have access to books or papers belonging to the Savings Bank, nor shall he furnish extracts therefrom, nor give information of any kind relating to the business of the Savings Bank (except to or on the order of a depositor in respect of his own matters) unless by direction and authority of the Commission, the Chief Commissioner, or any other executive officer of the Savings Bank, or under compulsion or obligation of law.

Superannuation Fund and Fidelity Guarantee Fund.

10.—(1) The Commission may with the consent of the Treasurer provide for a Superannuation Fund and Fidelity Guarantee Fund to be established and may make rules for the conduct of each of such Funds.

(2) Every officer shall subscribe to the Superannuation Fund and Fidelity Guarantee Fund in terms of the rules of the respective funds.

(3) The Commission may from time to time, out of the funds of the Savings Bank, supplement the Funds to an extent approved by the Treasurer.

Delegation of authority.

11. The Commission may from time to time when it considers it necessary or expedient, delegate any or all of the powers or authorities conferred upon it by these Regulations, except this power of delegation, to a Commissioner, Superintendent, Manager or other officer of the Bank.

Legal proceedings.

12. Legal proceedings on behalf of the Savings Bank shall not be initiated or carried on by any officer of the Savings Bank unless and until sanctioned by the Commission.

Authorities.

13.—(1) It shall not be incumbent on the Savings Bank to examine any deed, articles or rules of any firm, company, society, local authority, club or body, to ascertain that the method specified in any authority as the method in which the account of the firm, company, society, local authority, club or body is operated upon is in accordance with such deed, articles or rules, and the Savings Bank shall not be responsible in any way if such deed, articles or rules are in any way contravened.

(2) Where the articles of association or the constitution of a company, society, club or local body require such documents to be executed under seal, authorities issued for the purposes of this regulation shall be issued under seal.

(3) When an account is to be operated upon under power of attorney or probate, or letters of administration the original document shall, if required, be produced to the Savings Bank, and such document, or a certified copy thereof, shall, if required, be lodged with the Savings Bank.

Addresses of depositors.

14. Notice of any change in the address of any depositor of the Savings Bank shall be given by the depositor to the Savings Bank as soon as possible after the change has taken place.

Decease of depositors.

15.—(1) In the event of the death of a depositor, no further withdrawal of funds shall be permitted except by the deceased’s personal representatives, after production of probate or letters or administration, unless the Commission otherwise directs.

(2) The Savings Bank shall not be responsible for any withdrawals of or other dealings with any funds of a deceased depositor before it has received formal notice of his death.

Quarterly Statements of Assets and Liabilities, &c.

16. The Commission shall, in accordance with section 18 of the Act, furnish to the Treasurer of the Commonwealth Quarterly Statements of the Liabilities and Assets of the Savings Bank, and of the business of the Savings Bank, in accordance with Form B.

Half-yearly Balance-sheet.

17. The balance-sheet to be prepared in accordance with section 20 of the Act shall be made up as on the 30th day of June and the 31st day of December in each year, and shall be in accordance with Form C and shall be prepared as soon as possible after those dates.

Treasurer’s half-yearly statement.

18. The statement to be prepared by the Treasurer in accordance with section 20aof the Act shall be made up as on the 30th day of June and 31st day of December in each year.

Part II.—General.

Office hours for transaction of business.

19. Branches and agencies of the Savings Bank shall be open for the transaction of business on such days and during such hours as the Commission directs.

By whom deposits may be made.

20. Deposits may be made by and in the name of—

(a) any person;

(b) an infant;

(c) any person as trustee for any other person;

(d) two or more persons in their joint names;

(e) any person in his individual name as a Trust Account for other persons, estates or interests;

(f) any person on account of, or for the purpose of, any enterprise, undertaking, business, occupation, or calling carried on by him;

(g) any person jointly with different persons; and

(h)any local authority, friendly society, co-operative society or any other society or club.

The term “other society” includes hospitals, charitable institutions, and religious, social or political bodies, but not any body or company engaged in, or formed for the purpose of, trading or of acquiring pecuniary profit for distribution to shareholders, or other gain:

Provided always that the Commission may refuse to accept any deposit from any person whom it may deem undesirable or inexpedient to admit or continue as a depositor and any deposit made by any such person may be returned to him.

21. The Savings Bank may conduct the business of School Savings Banks, Penny Banks, and the Regulations governing ordinary Savings Bank business shall not apply to such Banks.

Opening individual accounts.

22. Any person applying to open an account with the Savings Bank may be required—

(a) to furnish a specimen of his signature;

(b) to fill in and sign the necessary forms;

(c) to furnish any further information which the Savings Bank may require;

(d)to receive from the Savings Bank a pass-book or an interim receipt showing the amount of the deposit; and

(e) to sign an authority in the form laid down by the Savings Bank if he wishes his account to be operated upon by one or more persons other than himself.

Opening joint accounts.

23.—(1) Persons desiring to open a joint account shall furnish any particulars regarding themselves that are required by the Savings Bank, and shall sign the necessary forms. Such an account may be operated jointly or severally.

(2) When the parties to the account desire that the account shall be operated in some way other than by all parties thereto signing, an authority prescribing who shall operate the account, signed by all the parties thereto, may be required. In the event of the death of one or more of the joint depositors, the account shall vest in the survivor or survivors. The Commission may require such proof of death as it considers necessary.

Opening trustee accounts.

24. A person desiring to open an account as a trustee for some other person shall sign the forms directed by the Commission for use for the purpose and furnish any information regarding himself and the cestui que trust that may be required by the Savings Bank. The Commission may require the signatures of both the trustee and the cestui que trust before any withdrawal from the account is permitted.

Opening of other accounts.

25. Any person desiring to open an account as defined in paragraphs (f) and (g) of regulation 20 shall sign the forms directed by the Commission for use for the purpose and give any information regarding himself and the account that the Savings Bank requires.

Depositors who cannot write.

26.—(1) A depositor who cannot write shall affix his mark to the forms directed by the Commission for use for the purpose, and his mark shall be witnessed. When opening an account such depositor may be required to furnish a keyword, give an impress of his finger prints and supply any other information required by the Savings Bank to assist in his identification.

(2) The signature of a foreigner shall, if it is unintelligible, be treated as that of a marksman.

Deposits made by females.

27. A female desiring to open an account may be required to state whether she is married or single. When a female depositor changes her name by marriage she shall give notice of the change to the Savings Bank and sign the forms directed by the Commission for use for the purpose.

Deposits on behalf of infants.

28. A person desiring to open an account on behalf of, and in the name of an infant, shall sign the forms directed by the Commission for use for the purpose. Nowithdrawals from the account shall be permitted until the infant in whose name the account has been opened attains the age of twelve years, or appears to the officer or Savings Bank officer making the payment to have attained that age. The infant shall then furnish a specimen of his signature on the form, together with such evidence of his identity as is required by the Savings Bank: Provided that such deposits may be paid at any time to the parent or guardian of an infant if the Commission is satisfied that payment is necessary or desirable in order to provide for the support or advancement of the infant.

Accounts opened by proxy.

29. Any person opening an account as proxy for another person shall sign the forms directed by the Commission for use for the purpose, on behalf of the depositor. In such cases the Savings Bank may withhold the pass-book and refuse to authorize withdrawals from the account until a specimen signature on the form directed by the Commission for use for the purpose, made by the depositor himself and witnessed by the proxy or other approved person is received by the Savings Bank.

Accounts opened by post.

30. Any person may open an account by post by communicating direct with the Savings Bank.

Local authority, friendly society, co-operative society, other society or club.

31.—(1) Any society or club as defined in paragraph (h) of regulation 20 shall furnish through the trustee, treasurer or other officer or officers of the society or club—

(a) the name and address of the responsible officer to whom communications from the Savings Bank are to be addressed;

(b)an authority directing who shall operate on the account and containing specimen signatures of such officers as have been authorised to sign withdrawal forms; and

(c) any further information or authorities which the Savings Bank may require.

(2) When any change is made in the personnel of the officer or officers authorised to sign withdrawal forms, a proper notification and, if necessary, a fresh authority shall be given to the Savings Bank.

Production of pass-books.

32. Notwithstanding anything contained in these Regulations, the Savings Bank may receive deposits and pay withdrawals with or without production of the pass-book.

Pass-books.

33.—(1) When an account is opened at a Branch a pass-book or a receipt shall be issued at once to the depositor.

(2) When an account is opened at a Savings Bank agency, an interim receipt shall be issued at once to the depositor. On receipt of advice from the Savings Bank agency at the Branch to which the agency is attached, a pass-book showing the amount deposited shall be despatched by post to the address given by the depositor.

(3) The receipt by a depositor of a pass-book or receipt shall be deemed to be an acknowledgment that the depositor has notice of the Act and the rules and regulations of the Savings Bank, and such Act, rules and regulations shall be binding on the depositor.

(4) The Savings Bank may require production of the pass-book whenever a transaction is being effected with the Savings Bank. Depositors must examine their pass-books every time an entry is made therein before leaving the counter in the branch or agency at which the business is transacted.

(5) Every depositor’s pass-book shall be deemed to be the property of the Savings Bank and shall be delivered up as and when required by the Savings Bank. No entry made therein by an officer or a Savings Bank officer shall be erased or altered in any way whatsoever except by an officer or Savings Bank officer authorised to make an alteration in the pass-book, and no person shall make any entry in a pass-book or mutilate a pass-book with intent to deceive.

(6) Should any irregularity in the pass-book come under the notice of a depositor, officer or Savings Bank officer, it shall be reported at once to the Savings Bank. A depositor shall be responsible for the control and safe custody of the pass-book issued to him. The Savings Bank shall not be responsible for the consequences of any neglect on the part of a depositor to properly control the pass-book.

(7) The form of pass-book to be issued to any friendly society, local authority, co-operative society or other society or club shall be such as the Commission from time to time directs.

Lost pass-books.

34.—(1) Should a depositor lose his pass-book, he shall—

(a) give, in writing, immediate notice of the loss to the Savings Bank;

(b) make a statutory declaration as to his loss;

(c) satisfy the Savings Bank as to his identity and

(d)give the Savings Bank a satisfactory indemnity in respect of the lost pass-book.

(2) When the above mentioned conditions have been complied with, the Savings Bank may, after the lapse of fourteen days from the date of receipt of notice by the Savings Bank of the loss, issue to the depositor another pass-book which shall contain an entry showing the depositor’s balance at credit as last recorded in the ledger.

Interest on deposits.

35. Interest shall be allowed on the balance to credit of a depositor on such terms and at such rates per centum per annum as the Commission from time to time declares, provided that no interest shall be allowed on any sum less than One pound or on any sum in excess of such limitation of amount as the Commission from time to time decides.

Withdrawals.

36. The Commission may require such notice of withdrawal as it considers necessary, but it may authorise the presentation of the withdrawal form to be accepted as sufficient notice of withdrawal.

Procedure for making withdrawals.

37.—(1) Any depositor wishing to withdraw the whole or any part of the sum deposited in his name may be required—

(a) to fill in and sign the withdrawal form, in the form directed by the Commission for use for the purpose; and

(b)to cause the withdrawal form, together with the pass-book, if required, to be presented to the Savings Bank.

(2) If the withdrawal is in order the amount may be paid to the person presenting the withdrawal form and the entry attested in the pass-book.

(3) The officers of the Savings Bank shall diligently endeavour to prevent fraud, and to identify every depositor transacting business with the Savings Bank; but should any person presenting a depositor’s pass-book, and producing a withdrawal form purporting to bear the signature of the depositor, or stating himself to be the depositor named therein, unlawfully obtain any deposit or sum of money from the Savings Bank during the hours of business the Savings Bank shall not be responsible for the loss so sustained by such depositor or be liable to make good such loss.

Persons unable to write.

38.—(1)If a depositor cannot write, the withdrawal form may be filled in by another person, but the depositor shall affix his mark in the space provided for the signature, and such mark shall be witnessed. The depositor may also be required to give an impress of his finger prints on the withdrawal form.

(2) When the withdrawal for is presented for payment, the person presenting such form shall, if required, furnish the keyword given when the account was opened, and any other information that may be required to establish the identity of the person who made the mark on the withdrawal form, with the depositor of the Savings Bank.

Trustees.

39. The Commission may—

(a) require proof of death of a trustee when a withdrawal form is presented signed by the survivor or survivors of the trustees authorised to sign withdrawal forms;

(b) require the signature of the cestui que trust in addition to that of the trustee or trustees;

(c) allow an alteration in the title of an account by substituting a new name for the name of an existing or deceased trustee; and

(d) in the event of there being no surviving trustee, pay the amount to the cestui que trust or continue the account in his name.

Withdrawals at Branches.

40. Subject to regulation 36 a depositor may withdraw on demand any sum up to the amount standing to the credit of his account at a Branch where his ledger account is kept. At any other Branch a depositor may withdraw on demand such sum as the Commission determines, provided his specimen signature is recorded at the Branch or other such evidence of identification as is required is supplied. The Commission may authorise branches to obtain verification of depositors’ balances by telegraph in any of the following ways:—

(a) Application to withdraw by post with reply by telegraph;

(b) Application to withdraw by telegraph with reply by telegraph; or

(c) Application to withdraw by telegraph with reply by post.

Withdrawals at Savings Bank Agencies.

41.—(1) Subject to regulation 36 a depositor may withdraw any amount, not being in excess of the amount standing to his credit, at any Savings Bank agency, provided he gives such notice as is required to enable his signature and the balance appearing in his passbook to be verified by reference to the records at the branch where his ledger account is kept.

(2) In cases of urgency depositors may arrange with the Savings Bank officer to telegraph to the branch where his ledger account is kept for authority to pay the amount he desires to withdraw, and the branch may authorise the Savings Bank officer by telegraph to pay the amount applied for by the depositor subject to such limitations to the amount that may be withdrawn on telegraphic advice as the Commission determines, and subject also to the Savings Bank officer having sufficient cash to meet the withdrawal or to his being able to issue a cheque for the amount thereof.

(3) All costs incurred by the Savings Bank for telegrams sent on behalf of any depositor shall be paid by the depositor.

Withdrawal on demand at Savings Bank Agencies.

42. Subject to regulation 36 a depositor may withdraw on demand at a Savings Bank agency in the following manner:—

(a) At an agency where his signature is registered, he may withdraw on demand such sum in any one day as the Commission determines, but no further sum shall be withdrawn until the balance showing in the depositor’s pass-book has been verified with the ledger account at the branch; or

(b)At an agency where his signature is not registered, he may, provided he furnish evidence of his identity to the complete satisfaction of the Savings Bank officer, and always at the discretion of such officer, withdraw on demand a sum not exceeding such amount as is determined by the

Commission, but no further sum shall be withdrawn until reference has been made to the branch where the ledger account is kept.

Exchange on deposits and withdrawals.

43. Depositors may be required to pay exchange on all amounts transferred or remitted from one point to another, either by way of deposit or withdrawal, at such rates of exchange as the Commission from time to time determines.

Payment after death out of deposits not exceeding £100.

44.—(1) All claims for money to credit of a deceased depositor, the amount of which does not exceed One hundred pounds, inclusive of interest, shall be made in writing and addressed to the branch where the depositor’s account is kept.

(2) In support of the claim the Commission may require the production of—

(a) a certified copy of the register of death;

(b) if the deceased was married, a certificate of marriage; or

(c) if deceased was a widow or widower, a complete list of the surviving children (if any) with their respective ages and addresses, and if no children, or if the deceased was unmarried, then a list of the surviving next-of-kin with all particulars.

Pass-book to be produced for inspection.

45. Each depositor shall produce his pass-book to the Savings Bank for examination and verification with the books of the Savings Bank at such times and places as the Commission from time to time appoints.

Transfer of accounts.

46.—(1) The Savings Bank may enter into arrangements with any Savings Bank or banking authorities in the United Kingdom or in any State of the Commonwealth or in any British Dominion or Possession, or in any other country for the transfer, on such terms and conditions as are fixed by the Commission, of all moneys of depositors from such Savings Bank or banking authorities to the Savings Bank or from the Savings Bank to such a Savings Bank or banking authorities.

(2) Depositors desiring to transfer their accounts from one branch or agency to another branch or agency shall give notice of their desire to effect such transfer and sign the necessary forms.

(3) A depositor wishing to transfer his account to another Savings Bank or banking authority shall make application to the Savings Bank and sign the necessary forms.

Fixed deposits.

47. Fixed deposits shall not be paid before maturity unless with the approval of the Chief Commissioner or other executive officer of the Savings Bank approved by the Chief Commissioner.

Part III.—Issue of Debentures by the Savings Bank.

Debentures.

48.—(1) The Commission may, from time to time, with the approval of the Treasurer, issue, sell, or otherwise deal with, debentures or cause them to be issued, sold, or otherwise dealt with, in the Commonwealth, the United Kingdom, or elsewhere.

(2) Debentures shall be payable as to principal and interest at such place or places as the Commission from time to time decides, and shall be in accordance with Form D, and shall be signed by two Commissioners and countersigned by the Secretary. The signatures may be in handwriting or may be made by engraving, lithography or other mechanical process.

(3) The Commission may at any time, at the request of the bearer of any debenture, issue inscribed stock of the same currency, on the same terms and conditions as to payment and otherwise, and bearing the same interest in lieu of the debenture.

(4) Requests for inscribed stock may be made to the Commission in Sydney, or at such place or places as the Commission from time to time appoints.

(5) Requests for inscribed stock shall be in accordance with Form E or Form F and shall be accompanied by the debenture which the applicant proposes to surrender. These forms, and all other specified forms, may be obtained from any office of the Savings Bank upon application, either personally or by letter.

(6) Upon receipt of the request, a provisional receipt in accordance with Form G will be issued by the Savings Bank, and shall be surrendered when a certificate of inscription, in accordance with Form H., is issued.

Transfer.

49.—(1) Application for transfer of inscribed stock from one person to another shall be made in accordance with Form J.

(2) The transfer and acceptance shall be in accordance with Form K., unless signed under power of attorney which has been recorded by or filed at the Savings Bank, and shall be fully signed (and in the case of a corporation, properly sealed), by both the transferor and transferee, who shall both be notified, in accordance with Forms L and Mrespectively, of the completion of the transaction. In the case of a joint account, it shall be sufficient if the first inscribed owner is so notified.

(3) A transfer shall not be permitted in a sum that is not a multiple of Ten pounds sterling.

Interest.

50.—(1) Interest on inscribed stock shall be payable at the Sydney office of the Savings Bank, or at such other place or places as the Commission from time to time appoints, or the interest warrants may be sent by registered letter to the following persons, at the risk of the stock-holders, in accordance with such of the Forms, N, O, P or Q as are suitable, being duly filled up and forwarded to the Commission at Sydney, or at such other place or places as the Commission from time to time appoints, namely:—

When there is a sole stock-holder; or a sole surviving stockholder; or a sole executor or administrator of a stock-holder; or a sole surviving executor or administrator of a stock-holder, warrants may be sent:—

To the stock-holder or to his executor or administrator;

To his attorney, duly authorized under a letter of attorney which may be retained by the Savings Bank; or

To any person, firm or company, duly authorised, whose discharge shall be full and sufficient, provided that in the case of deceased stock-holders regulation 52 has been fully complied with.

When there are two or more stock-holders, warrants may be sent:—

To the first named stock-holder in the account, upon his sole request, provided the Savings Bank has not received any written notice to the contrary from any other of the stock-holders;

To any stock-holder in the account upon the request of all the stock-holders;

To an attorney duly authorised under a letter of attorney, which may be retained by the Savings Bank; or

To any person, firm or company, upon the request of all the stock-holders, and the discharge of such person, firm or company shall be full and sufficient.

(2) Interest warrants sent by post may be cashed at any branch of the Savings Bank within Australia, provided the person or persons in whose favour they are drawn is or are known to the manager, or produce satisfactory identification, and provided also that the funds at the disposal of the branch manager permit, but payment shall not be demanded, except in the capital cities of Australia. Interest may be paid to credit of account in any head or principal banking office in Sydney, for transmission to a like credit in any branch banking office within Australia, upon request in accordance with Form Q.

(3) Interest warrants shall be drawn to order, and shall be indorsed before payment.

(4) The balance for the half-yearly interest shall be struck fourteen days before the interest becomes due, and no transfers shall be registered during that period.

(5) Forms of request may be delivered at any date, either by hand or through the post; but when received between the day on which the balance for interest is struck and the day upon which the interest is payable, the warrants for such next interest shall be forwarded as soon as possible, but the Savings Bank shall not guarantee their being posted on the day before the interest is payable.

(6) Any change of address of the person to whom the warrants are sent shall be notified at once to the Commission. When any such notification (which should contain the name and amount of the stock) reaches the Commission less than three clear days before the next interest is due, the Savings Bank shall not undertake to record or recognise it until after payment of such next interest.

(7) In the absence of any notification to the contrary it shall be taken for granted that interest warrants sent by post have duly reached their destination. When they are not received on the correct day, notice shall be given to the Savings Bank without delay.

(8) Instructions to transmit warrants by post or to pay to credit of an account in a bank shall, unless cancelled in writing, remain in force although the stock may have been added to or a part sold.

(9) Interest on stock inscribed in the name of an infant, or in the name of a person of unsound mind, jointly with others not under legal disability, may be paid as directed by the holders, other than

those under disability, and without the concurrence of the infant or person of unsound mind upon such proof as the Commission requires being lodged with the Savings Bank.

(10) The Savings Bank shall not be bound by or recognise any trust and the registered holder or holders shall be deemed the beneficial owner or owners, notwithstanding any trust or equity, or any other notice thereof to the Savings Bank.

(11) Forms R or S shall be used when notifying any change of address.

(12) Forms T or U shall be used for application for issue of a form of letter of attorney.

Letters of attorney.

51. Letters of attorney for the purpose of inscribed stock may be in accordance with Forms V, W, or X, as the case requires, and shall be left at the Sydney office of the Savings Bank, or at such place or places as the Commission from time to time appoints, for scrutiny at least two clear days before they may be acted upon. All such documents shall remain the property of the Savings Bank.

Transmission.

52. If any stock has become transmitted in consequence of death, bankruptcy, or insolvency of any holder, or for any other reason, the application for transmission shall be authenticated in such manner as the Commission requires, and shall be verified by probate of will, letters of administration or an office copy of the adjudication, or order of sequestration, or vesting order, as the case may be, or in such other manner as the Commission requires. Probates and letters of administration and other documents shall be exhibited at the Sydney office of the Savings Bank, or at such other place as the Commission appoints at least seven clear days before the inscribed stock affected by them may be dealt in.

Exchange of Inscribed Stock for debentures.

53.— (1) The Commission may at any time, at the request of the holder of any inscribed stock, issue debentures of the same currency for the same amount, and bearing the same interest as the inscribed stock.

(2) Requests for the issue of debentures in lieu of inscribed stock shall be made in Form Y.

(3) Upon the debentures being issued, the inscribed stock, in lieu of which the debentures were issued, shall be cancelled and a note thereof made in the books of the Savings Bank.

Part IV.—Appeal Board.

Lodging of appeals by officers.

54. An officer affected in his employment by the action of any authority of the Savings Bank, other than the Commission, may lodge an appeal to the Commission, such appeal to be lodged with the Chief Commissioner within thirty days of the notification to the officer of such action.

Election of representative of officers.

55. The representative of the officers of the Savings Bank shall be elected in the following manner :—

(a) Nominations shall be called by the Chief Commissioner not later than the first day of March in each year and shall be returnable to the Head Office of the Savings Bank to reach there not later than the first day of April in each year;

(b)Nominations shall be signed by ten officers and shall be endorsed by the nominee signifying his willingness to act if elected;

(c) Any officer of the Savings Bank who has attained the age of twenty-one years shall be eligible for nomination;

(d) If two or more officers are nominated the Chief Commissioner shall appoint a returning officer to control the ballot;

(e) Nominations shall be notified to the various branches by the Chief Commissioner and an election by secret ballot shall be taken throughout the service on the first working day in the month of May;

(f) All salaried members of the permanent staff of the Savings Bank who have attained the age of twenty-one years shall be eligible to vote;

(g) A deputy returning officer shall be appointed at each branch at a general meeting of not less than two-thirds of the staff. He shall conduct the election at his respective branch and having secured the ballot-papers of all officers voting shall forward the papers to the returning officer;

(h)The election shall be decided in favour of the candidate receiving the highest number of votes;

(i)The counting of votes shall be made at the Head Office of the Savings Bank under the supervision of the returning officer who shall notify the Chief Commissioner of the result within twenty-five days of the date of ballot; and

(j)The result of the voting shall be made known to the various branches by the Chief Commissioner within thirty days of the date of ballot;

Tenure of office of representative.

56. The tenure of office of the representative of the staff shall be for twelve months from the date of declaration or until such time as his successor is appointed.

Appointment of deputy of representative.

57. The representative of the staff may appoint a deputy to act for him on the Appeal Board if the representative is stationed in a State other than that in which the appeal is to be heard or if he is unable to attend through temporary incapacity or during periods of leave, but should he be incapacitated or absent for a period exceeding three months it shall be competent for the staff, if a majority so decide, to elect a new representative in his place to hold office until the next annual election.

Removal of representative.

58. If at any time a majority of the staff signs a petition for the removal of their representative then his position shall be declared vacant and a new representative shall be elected in his place to hold office until the next annual election.

Appeals.

59.—(1) All appeals shall be referred by the Commission to the Appeal Board within seven days after the first meeting of the Commission following the date on which the appeal has been lodged.

(2) The Chief Commissioner shall communicate to the appellant the decision in writing within seven days after the Commission has decided the appeal.

THE SCHEDULE.

 

Form A.

Commonwealth Bank Act 1911-1927.

Regulation 5.

DECLARATION OF SECRECY AND FIDELITY.

I,  of being a Member of the Commission appointed under the Commonwealth Bank Act 1911-1927 do solemnly and sincerely declare that I will faithfully perform the duties of Member of the Commission, and that I will to the best of my ability uphold the interests of the Commonwealth Savings Bank of Australia, and that I will not directly or indirectly communicate or divulge any information which comes to my knowledge in the discharge of my duties as such Member of the Commission except when required or authorized so to do by the Commissioners of the said Bank or by a court of law or by the person to whom such matters relate, and, generally in relation to the business of the Commonwealth Savings Bank of Australia, I will at all times maintain secrecy and fidelity.

Declared before me at  this 

day of  19 

Justice of the Peace.

Commissioner for taking Affidavits.

Commissioner for Declarations.

 

Form B.

Commonwealth Savings Bank Regulations.

Regulation 16.

Commonwealth Savings Bank of Australia.

SUMMARY OF BUSINESS TRANSACTED DURING THE QUARTER  ENDED  19

State.	Deposits.		Withdrawals.		Net Result Increase Depositors’ Balances X Decrease.	Interest Credited to Depositors’ Accounts.	Accounts.			Depositors’ Balances at this Date.
	No.	Amount.	No.	Amount.			Opened	Closed.	Total open at this Date.
New South Wales Victoria Queensland South Australia Western Australia Tasmania Northern Territory Papua and New Guinea London
	Totals …..

We certify that the above Statement, compiled from returns furnished by the several Officers of the Commonwealth Savings Bank, is correct.

Secretary.

Chief Commissioner,

Sydney.

Chief

 Accountant.

Commonwealth Savings Bank of Australia.

Statement of Liabilities and Assets on the  day of  19

Liabilities.	£. s. d.	Assets.	£ . s. d.
Depositors’ Balances..........................	Cash on hand and with Bankers at call...............................................
Advances by Treasurer under Commonwealth Housing Act.........	Fixed Deposits.............................
Other Liabilities.................................	Government securities..................
Reserve Fund.....................................	Securities of Municipalities and other Public Authorities...................
Advances under Commonwealth Housing Act and other assets...
Total.......................	£	Total............... £

 

Form C.

Commonwealth Savings Bank Regulations.

Regulation 17.

Commonwealth Savings Bank of Australia.—Balance-sheet as at

Reserve Fund...................

Depositors’ Balances........

Advances by Treasurer under Commonwealth Housing Act…….....................................

Other Liabilities...............

Coin and Cash Balances Australian Notes..................................

Fixed Deposits.....................

Government Securities.........

Securities of Municipalities and other Public Authorities...

Other Assets........................

Total...........................

Total...........................

Commonwealth Savings Bank OF Australia.—Profit and Loss Account for Hale-year Ended

To National Debt Sinking Fund Savings Bank Reserve Fund	By Profit for half-year ended
		Total..................	Total...........................

Commonwealth Savings Bank of Australia.—Reserve Fund.

To Balance.....................	By Balance......................... Transfer from Profit and Loss Account of one-half of the Net Profits...........................
Total...........................	Total...........................

 

Form D.

Commonwealth Savings Bank Regulations.

Regulation 48(2).

Form of Debenture.

COMMONWEALTH OF AUSTRALIA.

COMMONWEALTH SAVINGS BANK OF AUSTRALIA.

No………………… £

This Debenture is issued by the Commonwealth Savings Bank of Australia, in pursuance of the Commonwealth Bank Act 1911-1927, and entitles the bearer to the sum of pounds sterling with interest thereon at the rate of pounds per centum per annum to be paid to the bearer by the Savings Bank, subject to the said Act and the terms specified in this Debenture.

(a)The payment of the principal and interest due in respect of this Debenture is, by the said Act, guaranteed by the Commonwealth, and the Consolidated Revenue Fund of the Commonwealth is by the said Act appropriated for that purpose.

(b) Interest will be payable half-yearly on the  day of  and the  day of  in each year, and annexed to this Debenture are twenty coupons each providing for a half-year’s interest, and such interest will be payable only on presentation of the coupon referring thereto. After the  day of  (ten years after date), and at the expiration of each succeeding period of ten years, the bearer of the appropriate voucher, on presentation thereof, will be entitled to the issue of fresh coupons for a further period of ten years.

(c) The principal sum of £ will be paid to the bearer hereof between the  day of  19  and the  day of  19  , such date of payment to be fixed in the following manner: —

(d)The Commonwealth Savings Bank of Australia to have the right to pay such principal sum on the   19  (ten years after date of issue) on giving not less than twelve months’ prior notice of its intention so to do in the manner prescribed. If such notice is not given, this Debenture to remain current for a further period of ten years, being then repayable on not less than twelve months* prior notice being given in the manner prescribed. If such notice is not given, this Debenture to remain current for another period of ten years, and so on in even periods of ten years until the final date of maturity is reached, or the principal sum paid, whichever first occurs. Subject in all cases to twelve months’ previous notice of intention to pay being given in the prescribed manner.

(e)Notice of intention to pay the principal sum shall be given by advertisement in the Commonwealth Government Gazette, and in at least one daily newspaper published in each of the capital cities of Australia, or in such other place or places (if any) as the Commission considers expedient or proper.

(f) The delivery to the Savings Bank of this Debenture, and each of the coupons, shall be a good discharge for the principal moneys and interest therein respectively specified.

Dated this  day of 19 .

 (Common Seal of Savings Bank.)

Commissioner.

Countersigned

Commissioner.

Secretary.

Form E.

Commonwealth Savings Bank Regulations.

Regulation 48 (5 ).

Provisional Receipt No.

Certificate of Inscription No.

APPLICATION FOR INSCRIBED STOCK.

Per cent. maturing  19

(A Separate Form must be used for each parcel of Stock)

(Place) —

(Date) —

beg to apply for the issue of  pounds of Inscribed Stock under the provisions of the Commonwealth Bank Act 1911-1927 in lieu of Debentures of the Commonwealth Savings Bank of Australia for the same amount, and which are forwarded herewith.

£ :    The Stock is to be inscribed in the name given in the Schedule below.

(Ordinary Signature of party or parties, or of Broker)

The Registrar of Stock,

Commonwealth Savings Bank of Australia, Sydney.

 

SCHEDULE.

Name or Names* in which Stock is to be inscribed.		Calling.	Address.	Amount of Stock.
Surname.	Christian Name.

* Must be stated in full; this is essential.

Trusts will not be recognised.

Particulars of Debentures above referred to (show numbers, quantity and denomination).

FORM F.

Commonwealth Savings Bank Regulations.

Regulation 48 (5).

Provisional Receipt No.

Certicate of Inscription No.

APPLICATION FOR INSCRIBED STOCK.

(For Corporate Accounts.)

per cent., maturing ,  19

(Aseparate Form must be used for each parcel of stock.)

(Place)—

(Date)—

I beg to apply for the issue of  pounds of Inscribed Stock, under the provisions of the Commonwealth Bank Act 1911-1927in lieu of Debentures of the Commonwealth Savings Bank of Australia for the same amount, and which are £  : : forwarded herewith.

The Stock is to be inscribed in the name of [the name of the Bank, Company or Society must be stated in full, and, if incorporated by Act of Parliament, the number of the Act must be given].

Signature of Secretary, Manager or other authorized officer—

The Registrar of Stock,

Commonwealth Savings Bank of Australia, Sydney.

Particulars of Debentures above referred to.

[Show numbers, quantity and denomination.]

 

Form G.

Commonwealth Savings Bank Regulations.

Regulation 48 (6).

PROVISIONAL RECEIPT.

(To be exchanged for Certificate of Inscription.)

 per cent., maturing  , 19 .

 Commonwealth Savings Bank of Australia,

 Sydney,  19 .

 

Received from................. Debentures for the sum of to be exchanged for Stock of Bank of Australia for the same the name of........................................... This Receipt must be handed in to the Bank at Sydney to be exchanged for a Certificate of Inscription. ............................................. ............................................. pounds the Commonwealth Savings amount and to be inscribed in .............................................

Registrar of Stock.

Form H.

Commonwealth Savings Bank Regulations.

Regulation 48 (6).

CERTIFICATE OF INSCRIPTION.

per cent., maturing  ,19.

No. Thisis to certify that, pursuant to Bank Act 1911-1927, there hath been of  pounds wealth Savings Bank of Australia, is this day inscribed in the Books of holders of the said Stock. This Certificate is neither trans only as evidence of the Inscription    Dated at the Commonwealth this This Certificate is valueless either for the purposes of Transfer or for Negotiation   the provisions of the Commonwealth issued to  of Inscribed Stock of the Common- and that the name of the said Record of the Savings Bank as the   ferable nor negotiable, and is issued of the Stock at the date hereof. Savings Bank, Sydney.  day of  19 .

Entered in the Books of Record at the Commonwealth Savings Bank.

Registrar of Stock.

Form J.

Commonwealth Savings Bank Regulations.

Regulation 49 (1).

No. of Transfer: —

Commonwealth Savings Bank Inscribed Stock.

 per cent., maturing , 19   .

APPLICATION FOR TRANSFER.

To the Registrar of Stock, 

Commonwealth Savings Bank of Australia,  at Sydney.  Please have the undermentioned Transfer of Commonwealth Savings Bank Inscribed Stock prepared.

From

who resides

at and is a

 pounds Commonwealth Savings Bank inscribed

Stock to

who resides at

and is a

(Signature) —

(Address) —.

Witness— (Date)—  19

[Insert full names, addresses and occupations.]

N.B.—This form should be signed by the proprietor of the Stock or his authorized agent. [Insert full name, address and occupation.]

 

Form. K.

Commonwealth Savings Bank Regulations

Regulation 49 (2).

No.

Commonwealth Savings Bank Inscribed Stock.

 per cent., maturing  , 19 .

TRANSFER AND ACCEPTANCE.

Stock Ledger Sec. Entered. Examined. Stock-holders identified by

I/wehereby assign and transfer unto his/their executors, administrators or assigns, the sum of   …………………………………………pounds Commonwealth Savings Bank Inscribed Stock, and all my property and interest in and right to the our same, and to the interest accrued thereon.

As witness hand this  day of   19   .

Witness—

I/We hereby accept the Stock mentioned above transferred into my/our

 name.

Witness—

The witness must be a Justice of the Peace, Commissioner for Affidavits, Commissioner for Declarations or Notary Public.

 

Form L

Commonwealth Savings Bank Regulations.

Regulation 49 (2).

Commonwealth. Savings Bank Inscribed Stock.

 per cent.,  maturing , 19 .

NOTICE TO TRANSFEROR.

 

No.  To  I beg to inform you that cation of  of Stock has been inscribed in This document is valueless either for purposes of Transfer or for Negotiation.  Date.    in accordance with your appli-  19.  pounds the name of    Registrar.

To be printed on back.

Unless otherwise instructed, the Registrar will forward by post an Interest Warrant to the registered address of the owner, or of the owner whose name is first inscribed in a joint account, on each due date. If the Warrant is not received on the correct day, notice should be sent to the Registrar without delay.

If requested, the Registrar will pay the Interest to a Banking Account (except a Savings Bank Account), or to another person.

Any change of address of the owner of Stock, or of the person to whom Warrants are sent, should be notified at once to the Registrar. When any such notification (which should state the name and amount of the Stock) reaches the Registrar less than three clear days before the next Interest is due, the Registrar cannot undertake to record it until after the payment of such next Interest.

Upon application to the Registrar, Stock may be exchanged for Debentures upon payment of the prescribed fee. Stock can only be inscribed in multiples of £10.

 

Form M.

Commonwealth Savings Bank Regulations.

Regulation 49 (2).

Commonwealth Savings Bank Inscribed Stock.

 per cent.,  maturing   , 19....

NOTICE TO TRANSFEREE.

No.

To I beg to inform you that acceptance of    of Stock has been inscribed in This document is valueless either for purposes of Transfer or for Negotiation. Date  in accordance with your   19  pounds the name of  Registrar.

To be printed on back.

Unless otherwise instructed, the Registrar will forward by post an Interest Warrant to the registered address of the owner, or of the owner whose name is first inscribed in a joint account, on each due date. If the Warrant is not receivedon the correct day, notice should be sent to the Registrar without delay.

If requested, the Registrar will pay the Interest to a Banking Account (except Savings Bank Account), or to another person.

Any change of address of the owner of Stock, or of the person to whom Warrants are sent, should be notified at once to the Registrar. When any such notification (which should state the name and amount of the Stock) reaches the Registrar less than three clear days before the next Interest is due, the Registrar cannot undertake to record it until after the payment of such next Interest.

Upon application to the Registrar, Stock may beexchanged for Debentures upon payment of the prescribed fee. Stock can only be inscribed in multiples of £10.

 

Form N.

Commonwealth Savings Bank Regulations.

Regulation 50 (1).

(One Signature.)

REQUEST FOR TRANSMISSION OF INTEREST WARRANTS BY POST.

To the Registrar of Stock,  Commonwealth Savings Bank of Australia, Sydney.

£[Amount of Stock]standing in the name

of [Full particulars of Account as it stands in the Stock Books]. I shall be obliged by your forwarding all Interest Warrants due, and to become due and payable on the above-mentioned sum of Stock, or on the amount for the time being so standing to  [“me”; or name in full of the person, firm or company to whom the Warrants are to be sent], at [address to which Warrants are to be sent; if “me” is inserted above, strike out these words], whose receipt on my behalf shall be your quittance.

And I hereby agree to save harmless and keep indemnified the Commonwealth Savings Bank of Australia against all claims and demands which may be made upon the Savings Bank by reason of the carrying out of these instructions.

Signature of Stock-holder, or of his or her executor or administrator, or of surviving stock-holder, or of his or her executor or administrator, or his or her duly constituted Attorney, as the case may be.

Dated , 19....

 

Form O.

Commonwealth Savings Bank Regulations.

Regulation 50 (1).

(Two or more Signatures.)

REQUEST FOR TRANSMISSION OF INTEREST WARRANTS BY POST.

To the Registrar of Stock,  Commonwealth Savings Bank of Australia, Sydney.

£[Amount of Stock]standing in the name   of [Full particulars of Account as it stands in the Stock Books].

Weshall be obliged by your forwarding all Interest Warrants due, and to become due, and payable on the above-mentioned sum of Stock, or on the amount for the time being so standing, to [name in full of the persons, firm or company to whom the Warrants are to be sent], at [address to which Warrants are to be sent], whose discharge will be full and sufficient.

And we hereby agree to save harmless and keep indemnified the Commonwealth Savings Bank of Australia against all claims and demands which may be made upon the Savings Bank by reason of the carrying out of these instructions.

This form must be signed by all the Stockholders, or by all the surviving Stockholders, or, where all the Stock-holders are deceased, by the executors or administrators of the Stock-holders, in joint account, last deceased, or by a properly constituted Attorney, as the case may be. [Signatures]

Date— , 19 .

 

Form P.

Commonwealth Savings Bank Regulations.

Regulation 50 (1).

(Corporate Account.)

REQUEST FOR TRANSMISSION OF INTEREST WARRANTS BY POST, OR FOR PAYMENT TO CREDIT IN A BANK.

To the Registrar of Stock,   Commonwealth Savings Bank of Australia, Sydney.  £ [Amount of Stock]standing in the name of  [Full particulars of Account as it stands in the Stock Books].

You will oblige by forwarding all Interest Warrants due, and to become due and payable on the above-mentioned sum of Stock, or on the amount for the time being so standing, to (a) [ The name of the corporate body; or name in full of the person, firm or company to whom the Warrants are to be sent; or if it be desired that the interest be paid to credit of account in a bank it should be so stated], at (b) [Address to which Warrants are to be sent], (c) [If the name of the corporate body holding the Stock is inserted above, strike out these words], whose signatures shall be your full and sufficient discharge.

(l.s.)

This form must be sealed and signed in accordance with the Minute, Resolution, and Articles of Association or Statutes regulating the use of the seal of the Corporate Body.

FORM Q

Commonwealth Savings Bank Regulation

Regulation 50 (1).

REQUEST FOR PAYMENT OF INTEREST TO CREDIT OF ACCOUNT IN A BANK.

To the Registrar of Stock,  Commonwealth Savings Bank of Australia, Sydney.

• £

  [Amount of Stock]standing in the name of  [Full particulars of Account as it stands in the Stock Books]. As the person entitled to the Interest on the above-mentioned sum of Stock [I or we] hereby request you to pay the Interest due, and to become due, and payable on the said sum of Stock, or on the amount for the time being so standing, until further notice, to [state here the bank, and the account to credit of which the Interest is to be placed, and if for transmission to a branch it should be stated], whose discharge will be full and sufficient.

[Sign here.]

In the case of joint Stock-holders, or of joint surviving Stock-holders, all must sign; or, where all the Stock-holders in joint account are dead, the executor or administrator, or executors or administrators, as the case may be, of the Stockholder, in joint account, last deceased, or a properly constituted Attorney, must sign.

Date  19 .

 

Form R.

Commonwealth Savings Bank Regulations.

Regulation 50 (11).

CHANGE OF ADDRESS IN CONNEXION WITH INSCRIBED STOCK.

Request for the Alteration of Permanent Address.

(Date)  19

(Place)—[To include Post Town].

I shall feel obliged by your altering my address in the Books of Record of the Bank from that given above to

[Sign here].

To the Registrar of Stock,

Commonwealth Savings Bank of Australia, Sydney.

N.B.—If the Stock-holder wishes to alter the address to which Interest Warrants are sent by post, he should use Form “S”, which may be obtained either by personal application at any office of the Savings Bank or by written application to the Registrar of Stock, Commonwealth Savings Bank of Australia, Sydney.

 

Form S.

Commonwealth Savings Bank Regulations.

Regulation 50 (11).

CHANGE OF ADDRESS IN CONNEXION WITH INSCRIBED STOCK.

Request for the Alteration of an Address to which Interest Warrants are sent by Post.

(Date)— 19 .

[I or we] shall feel obliged by your sending the Warrants for future Interest to [insert here the word “me”, or the name of the person, firm or company to whom it has been customary to send the Warrants], at [the post town must be stated], instead of at

[Signature or Signatures.]

To the Registrar of Stock,

Commonwealth Savings Bank of Australia, Sydney.

N.B.—If the Stock-holder wishes his permanent address (i.e., the address of which he is described in the Stock Books as distinct from the address to which warrants are sent) to be altered, he should make his request upon one of the forms provided for the purpose, and which may be obtained either by personal application at any office of the Savings Bank, or by written application to the Registrar of Stock, Commonwealth Savings Bank of Australia, Sydney.

Form T.

Commonwealth Savings Bank Regulations.

Regulation 50 (12).

APPLICATION FOR ISSUE OF A FORM OF LETTER OF ATTORNEY.

(For use of Stock-holders.)

(Place)—

(Date)—

Sir,

Please issue a Form of Letter of Attorney for sale of Stock standing in [my or our] name.

In the case of a joint account, this must be signed either by the First Stock-holder, or, failing that, by the Stock-holders.

The Registrar of Stock,

Commonwealth Savings Bank or Australia, Sydney.

 

Form U.

Commonwealth Savings Bank Regulations.

Regulation 50 (12).

APPLICATION FOR ISSUE OF A FORM OF LETTER OF ATTORNEY.

(For use by Brokers or Agents.)

(Place)—

(Date)—

Sir,

Please issue to [me us] a Form of Letter of Attorney for dealing by way of [“Sale” or “Purchase” or “Disposal of Dividends”, as the case may require]in Stock inscribed in the name of [Full particulars of the account must be stated here].

[Signature of Broker or Agent.]

The Registrar of Stock,

Commonwealth Savings Bank of Australia, Sydney.

 

Form: V.

Commonwealth Savings Bank Regulations.

Regulation 51.

POWER OF ATTORNEY FOR SALE OF INSCRIBED STOCK.

Knowall Men by these Presents that I,   of   do make, constitute and   appoint  of  , my true and lawful Attorney    for me and in my name and on my behalf to sell, assign and transfer £  of Inscribed Stock of the Commonwealth Savings Bank of Australia now standing in my name: Also, to receive the consideration money and give a receipt or receipts for the same, and to do all lawful acts requisite for effecting the premises, hereby ratifying and confirming all that my said Attorney shall do therein by virtue hereof: And I hereby declare that all acts which shall be done in pursuance hereof before the Registrar of Stock of the Commonwealth Savings Bank of Australia shall have notice of the revocation hereof by death or otherwise shall be binding on me, my heirs, executors, and administrators, notwithstanding such revocation before such acts shall have been done.

In witness whereof I have hereunto set my hand the  day of  , in the year of our Lord One thousand nine hundred and

Signed by the said

in the presence of—

N.B.—Where a Letter of Attorney is executed out of Australia, it is necessary, in addition to the usual witnesses, that a document be attested by His Majesty’s Consul, or Vice-Consul, a Magistrate or Notary Public.

*** You are particularly desired to attend to the instructions for executing Letters of Attorney, as a want of proper attention to them may vitiate the document.

To be printed on back.

Instructions for Executing Letters of Attorney, which should be Strictly Observed.

The date must be inserted at the time of execution in words at length, and not in figures.

The execution must be attested by two witnesses, and their places of abode and quality must be written against their names; and, where they reside in a town, the number of the house and name of the street should be added.

Where Letters of Attorney are executed by more than one person, the subscribing witnesses must insert in the attestation the name of the party or parties whose execution they attest; and if the parties do not all execute at the same time, and in the presence of the same witnesses, the words “Signed by  in the presence of us” must be repeated in each attestation.

Every Letter of Attorney that is executed by a mark, instead of a written name, must be witnessed by a Justice of the Peace, or an approved Broker, or a Clerk of a Court, and the witnesses must declare that the Power has been read and fully explained to the party.

If any alteration, interlineation, or erasure be made in a Letter of Attorney, it must be particularly stated in the attestation subscribed by the witnesses, and that it was done previous to execution.

 

Form W.

Commonwealth Savings Bank Regulations.

Regulation 51.

POWER OF ATTORNEY TO PURCHASE INSCRIBED STOCK FROM AN EXISTING STOCK-HOLDER.

Knowall Men by these Presents that I, of   , do hereby nominate, constitute and appoint,

and in my place and stead put and depute , of  my true and lawful Attorney for me, and in my name and on my behalf to purchase all or any part of £  of the Inscribed Stock of the Commonwealth Savings Bank of Australia, and also to accept a Transfer or Transfers of such Stock. And for me, and in my name, and as my act and deed, to sign, execute and deliver the aforesaid Transfer or Transfers, or any duplicate or duplicates thereof, and any other document or documents which may be necessary, and to submit to all the rules and regulations now existing, or which may hereafter be made by the Commissioners of the Savings Bank in respect of such Stock; and to do all other acts which shall be thought expedient or proper in order to acquire for me all the rights incident to such Stock, I hereby ratifying and confirming, and agreeing to ratify and confirm all and whatsoever my said Attorney shall lawfully do or cause to be done in the premises by virtue hereof: And I direct that all acts which shall be done in pursuance hereof, before the Registrar of Stock of the Commonwealth Savings Bank of Australia shall have notice of my death or the revocation of the authority hereby given, shall be binding on me, my heirs, executors and administrators, notwithstanding my death or the revocation of such authority before such acts shall have been done.

In witness whereof I have hereunto set my hand at  this  day of  , in the year of our Lord One thousand nine hundred and

Signed by the said

in the presence of

of

and

of

N.B.—Where a letter of Attorney is executed out of Australia, it is necessary, in addition to the usual witnesses, that the document be attested by His Majesty’s Consul, or Vice-Consul, a Magistrate or Notary Public.

*** You are particularly desired to attend to the instructions for executing Letters of Attorney, as a want of proper attention to them may vitiate the document.

To be printed on back.

Instructions for Executing Letters of Attorney, which should be Strictly Observed.

The date must be inserted at the time of execution in words at length, and not in figures.

The execution must be attested by two witnesses, and their places of abode and quality must be written against their names; and, where they reside in a town, the number of the house and name of the street should be added.

Where Letters of Attorney are executed by more than one person, the subscribing witnesses must insert in the attestation the name of the party or parties whose execution they attest; and if the parties do not all execute at the same time, and in the presence of the same witnesses, the words, “Signed by   in the presence of us” must be repeated in each attestation.

Every Letter of Attorney that is executed by a mark, instead of a written name must be witnessed by a Justice of the Peace, or an approved Broker, or a Clerk of a Court and the witnesses must declare that the Power has been read and fully explained to the party.

If any alteration, interlineation or erasure be made in a Letter of Attorney it must be particularly stated in the attestation subscribed by the witnesses, and that it was done previous to the execution.

 

Form X.

Commonwealth Savings Bank Regulations.

Regulation 51.

Power of attorney to receive interest.

Knowall Men by these Presents that I  of   , do make, constitute and appoint  of   , my true and lawful Attorney  for me, and in my name and on my behalf to receive and give receipts for all Interest that is now due, and that shall hereafter become due on any Inscribed Stock of the Commonwealth Savings Bank of Australia now or at any time hereafter held by me, and to do all lawful acts requisite for effecting the premises, I hereby ratifying and confirming all that my said Attorney shall do therein by virtue hereof: And I hereby declare that all acts which shall be done in pursuance hereof before the Registrar of Stock of the Commonwealth Savings Bank of Australia, shall have notice of the revocation hereof by death or otherwise shall be binding on me, my heirs, executors and administrators, notwithstanding such revocation before such acts shall have been done.

In witness whereof I have hereunto set my hand the day of  , in the year of our Lord one thousand nine hundred

and

Signed by the said

in the presence of—

N.B.—Where a Letter of Attorney is executed out of Australia, it is necessary, in addition to the usual witnesses, that the document be attested by His Majesty’s Consul, or Vice-Consul, a Magistrate or Notary Public.

*** You are particularly desired to attend to the instructions for executing Letters of Attorney, as a want of proper attention to them may vitiate the document.

 

To be printed on back.

Instructions for Executing Letters of Attorney, which should be Strictly Observed.

The date must be inserted at the time of execution in words at length, and not in figures.

The execution must be attested by two witnesses, and their places of abode and quality must be written against their names; and, where they reside in a town, the number of the house and name of the street should be added.

Where Letters of Attorney are executed by more than one person, the subscribing witnesses must insert in the attestation the name of the party or parties whose execution they attest; and if the parties do not execute at the same time, and in the presence of the same witnesses, the words “Signed by the said   in the presence of us” must be repeated in each attestation.

Every Letter of Attorney that is executed by a mark, instead of a written name, must be witnessed by a Justice of the Peace, or an approved Broker, or a Clerk of a Court, and the witnesses must declare that the Power has been read and fully explained to the party.

If any alteration, interlineation or erasure be made in a Letter of Attorney it must be particularly stated in the attestation subscribed by the witnesses, and that it was done previous to execution.

 

Form Y.

Commonwealth Savings Bank Regulations.

Regulation 53 (2 ).

Application For Debentures In Lieu Of Inscribed Stock.

Per cent. maturing  19 .

(Place)—

(Date)—

Sir,

beg to apply for the issue of Debentures payable to bearer for £

 under the provisions of the Commonwealth Bank Act 1911-1927 in lieu of Inscribed Stock of the Commonwealth Savings Bank of Australia for the same amount now stating in name in the books of the Savings Bank.

[Ordinary Signature of Parties or Brokers.]

The Registrar of Stock,

Commonwealth Savings Bank of Australia. Sydney.

 

By Authority: H. J. Green, Government Printer, Canberra.