The Hawaiian gazette., 1884-10-29

upon the book Of the depositor, and attest
by his signature and the date stamp Of
his office.
SECTION 5. The officers engaged in the
receipt or payment of saving deposits shall
not disclose the name of any dspositor
nor the amount deposited or Withdrawn,
except to the Postmaster General or TO
such officers as may be appointed by him
to carry this Act into operation.
SECTION G. The rate of interest payable
on deposits made under this Act shall not
exceed five per centum per annum, nor
shall interest he paid upon deposits ex-
ceeding, at any one time, one thousand
dollars Interest shall not be calculated
on any amount less than five dollars, or
some multiple thereof, and not commence
until the first day of the calendar month
next following the day of deposit and
shall cease on the first day of the calendar
month in which such deposit is withdrawn.
SECTION Z. Interest on deposits shall
be calculated to the thirty first day Of De
cember, in every year, and shall be added
to and become part of the principal
money.
SECTION s. All money received by the
Postmaster General, as deposits in the
Hawaiian Postal Savings Bank in excess
Of twenty-five hundred dollars, shall be
paid into the Treasury, and the Registrar
of Public Accounts shall open in the books
of the Treasury an account to be called
the Hawaiian Postal Savings to which
he shall credit all deposits made on tins
account, and he shall debit such sums as
may be drawn on warrants issued by the
Postmaster General, for payment Of sums
due to depositors.
All moneys received to this account, as
well as the reserve in the hands OF the
Postmaster General, as er-gffcio manager
Of the Hawaiian Postal Savings Bank.
shall be deemed and treated as part of the
public debt for which the Treasury Is res
ponsible to the deposit6rs, and the account
shall on The first day OF January, and the
first day of July be credited with interest
on the balance to credit Of the account as
on those days, with six months interest at
six per centum per annum.
SECTION g. If at any time the moneys
paid into the Treasury on account of the
Hawaiian Postal Savings Bank. and the
interest accrued thereon, shall be INSULT
Gent to meet the lawful claims of the
depositors, it shall be the duty of the Min
lister of the Finance, on a warrant of Min
lister of the Interior, to pay the amount OF
such deficiency out of any moneys not
otherwise appropriated, and report said
amount to the next ensuing Legislative
Assembly.
SECTION 10. An annual account of all
deposits received and paid ont under
authority of this Act, and the expenses Ill |
CURED during the year ending, Decem- |
Der 3lst, together with a statement Of the |
total amount due at the close of the year |
to all depositors shall be made by the |
Postmaster General to the Minister of the |
Interior, who shall lay the same before the |
Legislative Assembly at its next ensuing |
session: and the Auditor General shall |
make an examination of the books quar-
terly, and report to the Minister of the
Interior.
SECTION IL The Postmaster General, |
with the consent of the King in Priyy |
Council, may make, and from time to time
as he shall see occasion. alter all needful
regulations for carrying this Act into exc
cutiOn; and after publication such regUla
tons so made shall be binding on the par
ties in the subject matter thereof TO the
same extent as if such regulations formed
part of this Act
SECTION u The books of the Hawaiian
Postal Savings Bank shall he opened, and
The manager shall receive all deposits Of
Tered on and after the first day of January
A. d. 1885.
SECTION ID. All expense incurred in the
execution of this Act shall be paid ont of
he income derived under its authority;
provided, however, should such income
prove insufficient during the current bien
NAL period, any excess Of expense may be
paid from the incidentals of the General
Post Office.
SECTION II Married women and minors
nay, in their own right, make deposits
md receive repayment, giving valid re
,eipts therefor
SECTION 10. This Act shall take effect
rom and after the date of its publication.
Approved this 10Th day of August, A. d.
ISL. KALAKAUA, REX.