Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-16
ELEVEN POSTAL BANKS open SOON; !
DIRECTIONS HOW TOUSE SYSTEM

Is. Amounts less than 81 may be
saved for deposit by purchasing 10
cent postal savings cards and 'o-cent
postal savings stamps Each postal
savings card bears blank spaces In
which such stamps may be affixed
from time to time. A postal savings
card with nine postal savings stamps
affved will be accepted as a deposit
of 81 either in opening an account or
in adding to an existing account
| II. Postal savings cards and stamps
are not valid Tor postage. and post.
masters will not exchange them for
postage stamps nor exchange postage
stamps for postal savings cards or
stamps.
Interest.
| IS. Interest at the rate of per cent
per annum will be allowed on the
amount represented by each postal
savings certificate, payable annually.
| Interest will not be paid for any frac.
ton of a year.
10. Deposits will bear interest from
! the LIST day of the month next fol.
lowing that in which made.
90. Interest will continue to accrue
annually on a postal savings certifi.
ing. certificates being valid until paid,
without limitation as to time.
q. Compound interest is not al
lowed on an outstanding certificate,
but depositor may withdraw interest
accrued and make a new deposit, sub
ject to the restriction that deposits
at interest will not be received for
less than 81.
Withdrawals.
%. A depositor may at any time
withdraw the whole or any part
Of the deposits to his credit with
! any interest payable thereon, / by
surrendering. at the office Of Issue.
postal savings certificates. properly
Endorsed. for the amount, to be with.
drawn. -........,.
%. A depositor presenting a certt.
ficate for payment in full shall in
dorse 1t in the presence of the post.
master or his representative and sur
render it. The postmaster or his re-
preventative, upon being satisfied as
to the depositor's' identity, will then
make payment. $500 --'
"a. When a deposition desires to
withdraw only part of The amount
represented bv any. certificate the
postmaster. will cancel the certificate
and issue a new certificate or cert'fi-
Gates covering the amount remaining
an den1sit. which will fhear interest
from the first day Of athe following
month H.. tx = ~ sHxs,>
i %. When a depositoFs desires; to
withdraw the interest payable on any
certificate, ne will be required to give
his recent for the amount of the in
terest paid. The peatmesierTwilil en-
Ter on the back of the certificate the
Gate of the interest payment. <T@sh,E .
Deposits Not Made in Person. -
rs. When depositor,' for good and
sufficient reason, is unable to appear
In person to make an additional de
post, the amount to be deposited may
be sent by a representative or for
warded by. registered mail, or by a
money order made payable to the
postmaster New accounts can not be
opened by mail, but person who de-
sfres to open an account and is un-
able to appear at. the post office may
forward the money by a representa-.
tive, who will be provided with an ap-I
plication form, which shall be prop
,erly filled out by the intending depos-
itor. T. .'>''.
Withdrawals Not Made in Person.
n. When, for good and sufficient
reason, depositor is unable to APP
pear In person to make a withdrawal,
a blank order for the purpose will be
furnished upon his application by
mail or at the request of his repre-
sentative. When the order has been
properly filled out and signed by the
6epositor, his signature witnessed by
a disinterested person, and the order
returned to the postmaster. together
with each certificate to be paid prop
erly Endorsed. payment will be made
to the depositor's representative, or a
money order covering the amount
withdrawn, less the money order fee
will be forwarded to the depositor.
%. When a depositor who is unable
TO appear in person desires to with
draw the interest payable on any GER
tificate, the blank order furnished
will be accompanied by a receipt for
the interest to be paid. Upon return
of such papers, properly signed by the
depositor, the postmaster will make
payment as provided in paragraph p.
Death Of Depostor.
20. In case of the death of a depos-
itor the amount standing to his credit
will be paid TO the executor or admin
istrator of his estate upon compliance
with necessary requirements. In case
of the death of a depositor interstate, |
where no formal administration rs
desired by his relatives, the third az
sistant postmaster general may au-
thorize the postmaster. upon obtain
ing an affidavit in proper form, to pay
the amount to the persons entitled IN
der the state laws to receive it.
Account Of Woman Who Marries.
80. A woman who opens an account
and afterwards marries should pre-
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