The Hawaiian gazette., 1888-09-11
AN ACT
AN ACT
To AMEND LAW RELATING TO THE HAWAIIAN POSTAL
SAVINGS BANK

SAVINGS BANK.
Be 1t Enacted 6y the King and the Legislature Of the
Haaoaiian Kingdom
SECTION l. That Section of Chapter XLVI. of the
Laws of 1884 be and hereby amended to read as
follows:
"SEoT1oN A. On demand by notice upon the Post
master-General in such form may be prescribed IN
the Regulations made under this Act by deposltor or
party legally authorized to claim on account OF depos
tor for repayment of any deposit part thereof such
depostor shall be absolutely entitled to payment OF any
sum or sums not exceeding One Thousand Dollars
$4,000 which may be due him. within thirty days after
giving such notice. and shall be absolutely entitled to
payment of any sum sums One Thousand Dol
lars 000 which may be due him within sixty days
after giving such notice. and the officer making said re-
payments shall enter the upon the book OF the de-
postor and attest the entry by his signature.
SECTION g. That Section of said Act as amended by
Chapter XXXV of the Laws of 1886 is hereby further
amended so as to read as follows:
"SEoTIoN The rate of interest payable deposits
made under this Act shall not exceed five per centum
per annum shall interest be paid upon deposits ex
ceeding at any time twenty-five hundred dollars IN
any one account Interest shall not be calculated on
any amount less than five dollars some multiple
thereof and shall not commence until the hrst day OF
the calendar month next following the day OF deposit
and shall cease the first day of the calendar month
in which such deposit is withdrawn. All deposits not
exceeding twenty-five hundred dollars in any one &C
count that shall have been deposit month prior
to july lst of each year. shall not be assessed for taxes
and shall be free from all Government taxation.
SECTION 3. That the said Act be and the is
hereby amended by adding new Section thereto to be
called Section SA which shall read as follows:
"SEoTIoN 8A There shall be at all times retained in
the Treasury as special to meet the demands
of depostors in said Postal Savings Bank not less than
ten per cent Of the deposits in such bank, on all de-
posts up to aggregate of Five Hundred Thousand
Dollars ($500000)"
SECTION 4. That Section II of said Act be amended
so as to read as follows:
"SECr1oN H. The Postmaster-General, with the con-
sent of the Cabinet may make, and from time to time
as he shall see OCCASION alter all needul regulations
for carving this Act into execution and after pubca
ton such regulations made shall be binding on the
parties in the subject matter thereof to the extent
as if such regulations formed part of this Act.
SECTION 5 That Section Is Of said Act be amended
so as to read as follows:
"SECTIoN 13 All expenses incurred IN the execution
of this Act shall be paid out of the appropriation for the
General Post Office and the income derived from the
interest account SHALL at the end of each year be paid
into the Treasury as realization of the General Post
Office"
SECTION 6. That the said Act be and the same is
hereby amended by adding three sections thereto
to be called Section It, Section II and Section 49, which
shall read as follows
SECTION 16 In case any deposition shall die leaving
a sum of money on deposit in the Postal Savings Bank
not exceeding one hundred dollars $780, and letters of
administration or notice of existence of will be not
produced to the Postmaser-General within period of
sixty days after the death of the deposor in of
disputes of any one claiming to be entitled to any money
deposited in the Postal Savings Bank under one hundred
dollars $1,000 as assignee, executor administrator or
next of kin to the deposto the matter may be referred
in writing to Justice of the Supreme Court whose
award or order in writing shall be binding and con-
elusive on all parties to all ntents and purposes without
any appeal"
SECTION H. In case any depostor shall die leaving
any sum of money deposit in the Postal Savings
Rank exceeding one hundred ($100 dollars the same