Post Office Savings Bank Ordinance amendment (1865) (WA)

WESTERN AUSTRALIA.

ANNO VICESIMO NONO.

VICTORIA, R EGINAL

twiy;:ntA1444,,n40.**40Hoiq:nnn2xoniynitpm:44,*flfl,,X,Wi':fla

NO. XIII.

AN ORDINANCE to amend the Laws relating to the Post

Office Savings Bank.

[18th, August, 1865]

HEREAS it is expedient to amend "The Post Office Savings

Wto amend the Post Office Savings Bank Ordinance ; Be it therefore Bank Ordinance," and the Ordinance intituled An Ordinance

enacted by His Excellency the Governor of Western Australia and its Dependencies, by and with the advice and consent of the Legis- lative Council thereof, as follows :-

L THE entire Deposits in the Post Office Savings' Bank; over The entire deposits to be

and above the reservation for withdrawals hereinafter mentioned,	invested.
shall, from time to time, and at all times be invested in manner hereinafter provided, anything in the said recited Ordinances to the contrary notwithstanding.

THE Colonial Treasurer shall invest twothird parts of the entire deposits aforesaid in real securities in the said Colony, subject

two-thirds of deposits in

Colonial Treasurer to invest

real securities, and after

to and in conformity with the authority, powers, provisoes, and

payment of withdrawals,one-third in Government

Securities or Bank,

2

29° VICTORIX, No. 13.

Post Office Savings Bank Amendment.

conditions specified in the eleventh section of the first hereinbefore mentioned Ordinance, or such of them as may be in force for the time being, and may vary the investments from time to time for other investments of a like nature ; and, after reserving such portion of the remaining one third part of the entire deposits as aforesaid, as the Governor shall deem sufficient to meet any sudden withdrawals of deposits, shall invest the balance thereof in securities guaranteed by Government and duly created by Law, or deposit the same, with or without interest, for withdrawal at call or short notice, with some approved Bank in the said Colony.

J. S. HAMPTON,

GOVERNOR AND COMMANDER-IN-CHIEF.

rTh

Passed the Legislative Council,

this 18th day of August, 1865.

G. E. HAMPTON,

Clerk of the Council.

Printed by Authority at the Government Press, Fremantle, Western Australia.