Page images
PDF
EPUB

Sess. 1850.]

PUBLIC GENERAL ACTS.

XXV

U.

Cap.

Union of Liberties with Counties; for facilitating the Union of Liberties with the Counties in which they are situate

Liber-}

[blocks in formation]
[ocr errors]
[blocks in formation]

Unions, to make better Provision for the Contributions of, in School
Districts, to the Common Funds of the respective Districts

[ocr errors]
[ocr errors]

to authorize a further Advance of Money to certain distressed Poor Law Unions, and to make Provision for the Repayment of Advances made and authorized to be made to Poor Law Unions and other Districts Upton-cum-Chalvey Marriages Validity; to render valid certain Marriages solemnized in the new Church at Upton-cum-Chalvey, in the County of Buckingham and Diocese of Oxford

[blocks in formation]

Bills] (G. B. & I.) 56.

Usury Laws, to continue 2 & 3 Vict., c. 37, for exempting certain Bills) of Exchange and Promissory Notes from the Operation of

V.

[ocr errors]

Vestries and Vestry Clerks; to prevent the holding of Vestry or other)
Meetings in Churches, and for regulating the Appointment of Vestry
Clerks

[blocks in formation]

W.

Wales (Albert Edward Prince of), to enable Her Majesty to make
Provision for the Residence of His Royal Highness in Marlborough
House during the joint Lives of Her Majesty and His Royal High-

ness

West India Appeals; to authorize the Establishment of Courts of
Appeal for certain of Her Majesty's West India Colonies
Westmoreland (County of), to provide for the Appointment of Sheriff)
of -

[blocks in formation]

uf }

[blocks in formation]
[blocks in formation]

ARRANGEMENT OF CLAUSES.

9 G. 4. c. 92. ss. 6. 13., &c., and 7 & 8 Vict. c. 83. ss. 2. 6., repealed; Sect. 1.

National Debt Commissioners to appoint Treasurers of Savings
Banks, and prescribe Form of keeping Accounts, &c. ; 2.
Treasurer, &c. not to hold other Office; 3.

Treasurer to give Security; 4.

Treasurer to attend at Savings Bank and receive and pay all Monies; and send Accounts of Receipts and Payments; 5.

Trustees to send Account of Notices of Withdrawal to National Debt Commissioners; 6.

No Person to have any Claim in respect of his Deposit unless made at the Office. Receipt of Party sufficient Discharge to Treasurer. Any Officer, except Treasurer, receiving Money guilty of Misde meanor; 7.

Power to Commissioners to appoint Inspectors; 8.

Appointment of Auditors by Trustees; 9.

Rules to provide for Production and Inspection of Books; 10. Deposits not to exceed 30%. in any one Year, or beyond 1007. in the whole, and Interest to cease when Deposits amount to 100%.; 11. Not to affect Deposits of or above 100%. on 20th November 1850. Treasurer not to receive fresh Deposits from Persons when Deposits. amount to 100%.; 12.

When Deposits and Interest amount to 1001. same may be invested in the Funds; 13..

Funds of Friendly Societies invested with the Commissioners may be converted into Stock; 14.

Depositors converting Deposits into Stock may receive Dividends. at Savings Bank Office, &c.; 15.

From and after 20th November 1850 Interest payable to Savings
Banks shall be at the Rate of 31. per Cent. per Annum ; 16.
Interest to Depositors not to exceed 21. 15s. per Cent.; 17.
No Friendly Society in future to invest Funds with Commissioners; 18.
Declaration on future Investments to be in Form directed by Com-
missioners; 19.

No Person allowed to invest, &c. as Trustee, except on behalf of
Idiots, &c.; 20.

Charitable Societies may invest not exceeding 500l.; 21.

284.

a

Money

Money invested by or for Minors when to be repaid; Minors of Fourteen may execute Power of Attorney; 22.

Depositor's Book to contain Copy of Rules. Duplicate Copy of certified Rules, &c. to be fixed in Office. Penalty on Secretary, &c. for not exhibiting Rules, &c. in Office; 23.

Payment and Withdrawal of Money from National Debt Commissioners; 24.

Trustees of Savings Banks or of Parochial Societies may receive Money for Purchase of Deferred Annuities, &c. Annuities to be contracted for by Treasurer, &c. on behalf of National Debt Commissioners. Money paid to Trustees on account of Purchase of Annuity to be kept distinct and paid to Account of Commissioners; 25.

Money payable on Death may be converted into Annuities for Life of Nominee; 26.

Treasury shall direct Use of Tables of the Value of Annuities as approved of by them; 27.

Repeal of 7 & 8 Vict. c. 83. s. 8., which prevents Annuity to be purchased of less than 47.; 28.

Annuity of One Pound per Annum may be purchased; 29.

Repeal of 3 W. 4. c. 14. s. 3. and 7 & 8 Vict. c. 83. s. 9. as to taking
Fees on Purchase of Annuity; 30.

Money paid for Deferred Annuity under this Act not returnable; 31.
National Debt Commissioners may grant Savings Bank Annuities; 32.
Commissioners may grant Immediate or Deferred Annuities to any
Amount to Trustees of any Friendly or Charitable Society; 33.
Payment to Married Women of Annuities, when valid; 34.
Payment on Death of Depositor, being illegitimate; 35.
Messuages, &c. to vest in the Trustees; 36.

Trustees may dispose of Lands, &c.; 37.

Property of Savings Bank when closed to be sold, and Proceeds to be handed over to the National Debt Commissioners; 38. Commissioners may close Account with Savings Bank if Provisions of Acts and Orders of Commissioners are not complied with; and not receive or pay Money; and may re-open Accounts; 39.

Provisions of 9 G. 4. c. 92., 3 W. 4. c. 14., 5 & 6 W. 4. c. 57., and 7 & 8 Vict. c. 83. extended to this Act; 40.

11 & 12 Vict. c. 133. to continue in force till 20th November 1850; 41. Extent of Act; 42.

Amendment of Act; 43.

A

BILL

ΤΟ

Amend the Law relating to Savings Banks.

[Note. The Words printed in Italics are proposed to be inserted in the Committee.]

W

HEREAS it is expedient to amend the Laws relating to Preamble. Savings Banks, and to make other and additional Provisions respecting Savings Banks, and the Purchase of Government Annuities: Be it therefore enacted by the Queen's most Excellent Majesty, by and with the Advice and Consent of 5 the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That so much of an Act passed in the Ninth Year of the Reign of His late 9 G. 4. c.92. Majesty King George the Fourth, intituled "An Act to consolidate 9 G. 4. c. 92. "and amend the Laws relating to Savings Banks," as enacts "that 5.6. 10"no Person being Treasurer shall directly or indirectly have any "Salary, Allowance, Profit, or Benefit beyond his actual Expenses," and also so much of the said last-mentioned Act as relates to Trustees receiving any Sum or Sums of Money from Depositors for any Purpose except to be invested with the Commissioners for the Reduction of

15 the National Debt, and so much of the said last-mentioned Act as 9 G. 4. c. 92. relates to Central Savings Banks investing the Money of Branch s. 13., &c. Banks, and also so much of the last-mentioned Act as relates to the

284.

A

Investment

« PreviousContinue »