Legal title of depositor to re-payment. Depositors entitled to re payment not later than seven days 2. Every deposit received by the Colonial Treasurer shall be entered by him, at the time of receiving the same, in the depositor's book, and such entry shall be attested by the Colonial Treasurer and by the dated stamp of his Office, and the attestation by the Colonial Treasurer shall be conclusive evidence of the claim of such depositor to the re-payment of his deposit, with interest thereon, upon demand made by him upon the Colonial Treasurer. 3. On demand made upon the Colonial Treasurer by the depositor or party legally authorized to claim on account of a deposit made in such form as shall be prescribed in that behalf for re-payment of any deposit or any part thereof, the depositor shall be after demand absolutely entitled to re-payment out of the monies in the Colonial Treasury of any sum that may be demanded by and due to him, within seven days at furthest after his demand shall be made of the Colonial Treasurer as aforesaid. made. Names of depositors, &c. not to be disclosed. Rate of interest payable to depositors. Interest, how calculated. Investment of monies received under this Ordinance. Securities invested may necessary. Deficiency on sale to be 4. No person appointed to carry this Ordinance into effect shall disclose the name of any depositor, or the amount which may be deposited or withdrawn by any depositor, except to such person or persons as may be appointed to assist in carrying this Ordinance into operation, and any Officer so offending shall forfeit and pay a sum not exceeding One hundred pounds sterling. 5. The interest payable to the parties making such deposits shall be at the rate of Two pounds Ten shillings per centum per annum, but such interest shall not be calculated on any amount less than One pound, or some multiple thereof, and shall 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following the day of deposit, and shall cease on the first day of the calendar month in which such deposit shall be withdrawn. 6. Interest on deposits shall be calculated on the 31st day of December in every year, and shall be added to and become part of the principal money. 7. The monies paid as aforesaid into the Colonial Treasury under the authority of this Ordinance shall, so far as practicable, be invested in England in such one or more securities yielding interest respectively as Her Majesty's Principal Secretary of State for the Colonies shall from time to time name: Provided always that no part of such monies shall be applied in any way to the purposes of this Colony, or be invested in any loan of money raised or to be raised in this Colony for any purpose whatever. 8. It shall be lawful to raise any sum or sums of money that may from time to time be required for the re-payment as aforesaid of any deposits made in pursuance of this Ordinance by the sale or sales of the whole or a part of any such securities as aforesaid: Provided that if at any time or times the monies arising from such sale or sales shall be insufficient to pay the lawful claims of every revenues of such depositor as aforesaid the Governor shall cause such deficiency made good to be paid out of the Revenues of this Colony, and the Colonial out of the Treasurer shall certify such deficiency to the Legislative Council this Colony. without delay. of income of 9. The income arising from the said securities shall be placed to Mode of the credit of the said Colony and be applied, so far as such income application will permit, in the payment of interest as aforesaid on the deposits securities. made under this Ordinance; and the profits (if any) that may from time to time arise in the execution of this Ordinance, shall be carried to the credit of the Revenues of this Colony and be deemed part of such Revenues and be applied accordingly. *10. The Governor may, with the consent of the Legislative Governor Council of this Colony, make, and from time to time, as he shall with consent see occasion, alter, regulations for superintending, inspecting, and Council to of Legislative regulating the mode of keeping and examining the accounts of make regudepositors, and with respect to the making of deposits and to the lations for withdrawal of deposits and interest and all other matters incidental accounts. to the carrying this Ordinance into execution, and all regulations so made shall be binding on the parties interested in the subjectmatter thereof in the same manner and to the same extent as if such regulations formed part of this Ordinance. keeping 11. An annual account of all deposits received and sums of Accounts to money paid under the authority of this Ordinance, and of the be laid before Legislative expenses incurred during the year ended on the 31st day of Council. December, together with a statement of the total amount due at the close of the year to all depositors, shall be laid by the Colonial Treasurer before the Legislative Council of this Colony not later than the 31st of March ensuing in every year. 12. All expenses incurred in the execution of this Ordinance Expenses of shall be paid out of the Revenues of this Colony. advance. 13. This Ordinance may be cited as "The Treasury Savings Short title. Bank Ordinance, 1886." • Regulations made 7th July, 1886. ORDERS and RULES made under Ordinance No. 3 of 1886. 7th day of July, 1886. Treasury The following Regulations are made under authority of "The Hours of business. Amount of deposits. Deposit must be for one month. Name, address, and occupation of Depositor to be furnished. Form of A. 1. The Savings Bank shall be open for business during such hours and on such days as the Treasurer with the approval of the Governor shall determine, which will be notified by Public Notice from time to time. The business of the Savings Bank shall be conducted by such Officer or Officers of the Treasury as the Treasurer shall appoint in that behalf. 2. Deposits of one shilling, or of any number of shillings, or of pounds and shillings, will be received from any Depositor at the Savings Bank, provided the deposits made by such Depositor in any year ending on the 31st December do not exceed £100, and provided the total amount standing in such Depositor's name in the books of the Treasurer do not exceed £500. For computing the maximum amount of deposit allowable for a Depositor under this Regulation, if such deposit is raised so as to be in excess of the said maximum by reason of any additions thereto by way of simple interest, on the said maximum being credited to such Depositor, and so long as such interest is not added to the said maximum for the purposes of subsequent computations of interest thereon, the excess so created shall not be deemed unlawful. 2a. No deposit will be received for a less period than one calendar month, and it shall be lawful for the Treasurer to retain any deposit for such period. (15th May, 1895.) 3. Every Depositor, on making a first deposit on his own behalf, shall be required to specify his name, occupation, and residence, and make and sign the following Declaration, to be witnessed by some Officer of the Treasury appointed under these Regulations or by some person known to such Officer, or by a Clergyman of the Church of England or other Minister of Religion resident in the Colony, or by a District Commissioner or a Justice of the Peace; and if such Declaration, or any part thereof, shall not be true, the Depositor making the same shall forfeit and lose all right and title to his deposits. Depositor's Book. Place. No. Copy of Declaration to be signed by Depositor on making first deposit. A In pursuance of the Lagos Treasury Savings Bank Ordinance, 1886, I, of do hereby declare to the Treasurer that I am desirous on my own behalf to become a Depositor in the Savings Bank. I do further hereby declare, that I am not directly or indirectly entitled to any deposit in, or benefit from, the funds of this or any other Savings Bank, save and except such benefit as I may be entitled to from being a member of a Friendly Society legally established, or from such sum or sums as may be standing in my name as Trustee jointly with the name or names and on behalf of any other Depositor or Depositors; and I do hereby also testify my consent that my deposits in the said Savings Bank shall be managed according to the Regulations thereof. Witness my hand this Signed by the said Depositor in the presence of me) day of 18 A copy of the above Declaration shall be printed within the cover of every Depositor's Book. In all cases in which the signature of the Depositor is required, If Depositor if the Depositor cannot write, his mark must be affixed in the cannot write. presence of the witness, and the attestation must show that the declaration or other document was first read over and explained to such Depositor. reported to 4. Every deposit received by any Officer of the Treasury Deposits appointed under these Regulations shall be entered by him at the received to be time in a numbered book, and the entry shall be attested by his entered and signature and by the dated stamp of the Office; and the said book, the Treasurer with the entry so attested, shall be given to the Depositor and and acknowretained by him as primary evidence of the receipt of the deposit. ledged. The Depositor shall sign his name in a place to be provided for his signature in the Depositor's Book. The amount of each deposit, and the name, occupation, and residence of the Depositor, shall, upon the day of the receipt thereof, be reported to the Treasurer, and the acknowledgment of the Treasurer's receipt of the deposit, signified in the following form by such officer, shall be forthwith furnished to the Depositor as conclusive evidence of his claim to the repayment of the deposit with interest thereon, if and as the same shall have accrued due. Depositor's Book. Place No. Savings Bank Department, B 18 Form of The receiving Officer of the Savings Bank having reported to the Treasurer the receipt by him of your deposit of £ that amount has been placed to the credit of your account in the books of this Department. Examined Treasurer. If the Depositor does not receive such acknowledgment within ten days from the day on which he made the deposit, he must apply for the same to the Treasurer by letter, and if necessary he must renew his application to the Treasurer until he receives such acknowledgment. 5. Interest, calculated yearly, at the rate of Two pounds Ten Interest. shillings per cent. per annum, shall be allowed on every complete pound deposited, and shall be computed from the first day of the calendar month next following the day on which a complete pound shall have been deposited, or on which deposits of a less amount Trust Form of C. Minors. Annual transmission shall have made up a complete pound, up to the first day of the calendar month in which moneys are withdrawn. The interest will be calculated to the 31st December in every year, and will then be added to, and become part of, the principal money. 6. Deposits may be made by a Trustee on behalf of another person, in the joint names of such Trustee and the person on whose account such money shall be so deposited; but repayment of the same, or any part thereof, shall not be made without the receipt or receipts of both the said parties, or the survivor of them, or the Executors or Administrators of such survivor, whose receipt or receipts, signed either personally or by agent appointed by Power of Attorney, which Power of Attorney may be executed by an infant of or exceeding the age of 18 years, shall alone be a valid discharge, except in case of insanity or imbecility of the party on whose behalf the deposits were made, when the Treasurer may, on proof of the fact to his satisfaction, and provided that no Guardian or Committee of the estate of such person shall have been appointed by the Court, allow repayment to be made to the Trustee alone. The following Declaration must be made in the case of such deposit : In pursuance of the Lagos Treasury Savings Bank Ordinance, 1886, I of do hereby declare to the Treasurer, that I am desirous of becoming a Depositor in the Savings Bank, as the Trustee of of and I do further declare that, so far as I know, the said is not either directly or indirectly entitled to any deposit or benefit from the funds of this or any other Savings Bank, save and except such benefit as he may be entitled to from being a member of a Friendly Society legally established, or from such sum or sums as may be standing in his name as Trustee jointly with the name or names and on behalf of any other Depositor or Depositors; and I do hereby also testify my consent that my deposits in the said Savings Bank shall be managed according to the Regulations thereof. day of } And in case any such Declaration shall not be true, the Depositor making the same shall forfeit and lose all right and title in or to any deposit and in or to any funds of the Lagos Treasury Savings Bank. 7. Deposits may be made by, or for the benefit of, any person under 21 years of age, and repayment shall be made to such minor after the age of 7 years in the same manner as if he were of full age. In the case of minors under the age of 7 years, the Declaration must be made by one of the parents or a guardian on behalf of the minor. 8. Every Depositor shall, once in each year, on the anniversary |