The Express.
London, England, 1861-02-19 00:00:00

POST OFFICE SAVINGS BANKS.

The following are the principal provisions of the
Chancellor of the Exchequer's new measure
It shall be lawful for the Postmaster-General, with the
tenant of the Commissioners of her Majesty's Treasury,
'to authorise and direct such of his officers as he shall
think fit ti receive deposit. for remittance to the princi-
pal office in London, sad to repay the morn., under such
regulation as ha, with the concurrence of 'le Commis-
' sioners of her Majesty's Treasury, may prescribe in that
114Dect
2very. deposit received by any officer of the Post-
master-General appointed for that purpose shall be
entered by him at the time in the depositor's book,
and the entry shall be attested by him and by the
dated stamp of his office, and the amount of such deposit
shall upon the day of such receipt be reported to the Post-
master-General, and the acknowledgment of the Postmas-
ter-bletieral, signified by the officer whom he shall appoint
for the purpose, shall be forthwith transmitted to the depo-
sitor, and the said acksowledgment shall be conclusive
evidence of his claim to the payment thereof, with the In-
terest thereon, upon demand made by him on the Postmas-
ter-General ; and the entry by the proper officer in the de-
positor's book shall also be conclusive evidence of title from
the lodgment of the deposit until the receipt of the said
acknowledgment ; provided always that such deposits shall
not be of less amount than Is., nor of any sum not a multi-
ple thereof.
On demand of the depositor or party legally authorised
to claim on account of a depositor, outdo in such fin m as
shall be prescribed in that behalf, fur repayment of any de-
Co"eraoTilooryerlrit thereof,repeyrnetnlite •sgtililorty of the Postmast
ted er-
General titre-
proper officer forthwith : provided always, that in all cases
where the said demand shall be made at the place of deposit
the depositor shall be absolutely entitled to repayment of
any sum or sums he may have deposited on the seventh day
at farthest after his demand shall be lodged in the office of
the Postmaster-General.

The slime et
receipt we al deposits shall not diadem the name
exceptwar the amount eited sr withdrawn,
d to tie Itistmaster•Genend or topos such of his officers
as may be appointed to assist in carrying this act into
operation.

in the

All moneys eo deposited with the Postmaster General
shall forthwith be pud over to the Commissioners for the
Reduction of the National Debt ; and all sums withdrawn
by depositors, or by parties legally authorised to claim on
amount of depositors, shall be prepaid to them out of the
said moneys through the office of her Majesty's Postmaiter-
GenecaL

If at any time the fund to be created under the authority
of this act by the investment of the deposits shall be is to meet the lawful claims of all depositors, it shall be
lawful for the Commissioners of her Majesty's Tressmry,
was bay duly informed thereof by the Cenunisiosen
for the Deduction of the National Debt, to issue the amount
of such deficiency out of the Consolidated Fund of the
United Kingdom, or out of the growing produce thereof ;
and the said Commissioners of her Majesty's Treasury shall

certify such deficiency to parliament.
The interest payable to the parties making such deposits
shall be at the rata of 21. 10a per cent= per annum, but
such interest shall Dot be calculated on any account leas
than 11., or some multiple thereof, and not commence until
the first day of the calendar month next following the day
of deposit, and shall own on the first day of the calendar
month in which such deposit is withdrawn.
It shall be lawful for the Commissioners of her Majesty's
Treasury from time to time to increase the rate of interest
payable to dtpositon, but ao such increase shall make the
ran of interest greater than three pounds and tenpence
per per annum ; and copies of all orders made for
• the rate of interest shall be laid before both
houses .
Interest onus shall be calculated to the 31st day of
December in oven year, and shall be added to and become
part of the principal mousy.

LEATHER AND SHOE MERCERY TRADE.; PENSION
SOCIETT.—Th• first annual general meeting of the members
sad supporters of this institution, which has for its object
the establishment of &fund for the relief by pension of the
useemltons members of the above trades who are aged or
permanently incapacitated from earning a subsistence, as
also for their widows, and the ultimate erection of an asp
lum for their reception, was held last eveniog at the City of
Loudon Coffee House, Ludgate-hill, sad was presided over
by the president of the society, Mr. J. 8. Peel of Ozford-
street. Mr. Coles, the secretary, read the report of the
committee, which stated that the short period of five
months during which the society had been in REM.
teas had been one of pest depression in the
leather trade, but that eotwithstaudieg the com-
mittee had every reason to be satisfied and encouraged
with the present results, whilst they anticipated a steady
and incresaing support in totem. The committee were fully
satisfied that • society of the kind was much needed, and
calculated to confer peat and important benefits, and they
therefore confidently appealed for the support of all con-
fleetest with the trade, and to others charitably disposed
willing to aid in a work of true benevolence. The donations
already subscribed amounted to 105/. 165., and the sub-
scriptions to 1131. Is., making • total of 1581. 17e., while the
whole of the expenses connected with the organisation and
management of the society up to the present time had been
281. Os. Jd., leaving • balance in hand of 12W. 16e. The re-
pet was easalmouely Winded, and the oaken for the
cawing year were elected.
Fauna= New BRIDGE FROM LAMBETH TO
Wzarinnertn—Os Friday the examiners of the House of
Commons declared the standing orders complied with in the
ease of this prop med undertaking for • bridge serum the
Thames oomieeting Claureh.etreet, in the perish el fit. Mary,
Lambeth, with Market-street, in the parish of Bt. John the
Evangelist, Weatudester. It appears that a local act, in-
oorporating a companfor this purpose, was paned in the
eth and 7th years of William IV., but sot canted into exe-
cution, and that the powers thereby conferred have expired
by elbules of time. It n sow sought to resew them,
and to rano a fret capital of 40,000 E, with power to take
tolls.

bi 011717117 07 PATENTS, 801:17H /C1N7170707.
Nudist ot vidlon for the week 'adios Feb. 16, 2,888.
Tote! amber ohm the era* of the intoessi tree ad,
(12111111ey, Isosls n 11,11161.