the joint Names of such Trustee or Trustees and of the Person or Persons on whose Account such Sum shall be so deposited; and the Receipt and Receipts of such Trustee or Trustees, or the Survivor of them, or the Executors or Administrators of any sole Trustee or surviving Trustee, with or without the Receipt of the Person or Persons on whose Account such Sum may have been deposited, shall be a good and valid Discharge to the Trustees or Managers of the Institution.

every

Subscribers to One Savings subscribe to any other.

Bank shall not

Declaration

the Time of Subscription.

Penalty on false Declara

tion, Forfeiture of Deposit to

XXXIV. And be it further enacted, That it shall not be lawful for any Person or Persons who shall have made any Deposit in, or any Subscription to, or who shall be entitled to any Benefit from, the Funds of any Savings Bank, to make any Deposit in or to subscribe any Sum into the Funds of any other Savings Bank, or to open any new Account in the said Savings Bank; and that Person desirous of making any Deposit in or any Subscription to to be made at any Savings Bank, shall at the Time of making the First Deposit in any Savings Bank, and at such other Time or Times as such Depositor shall be required so to do by the Trustees or Managers of any such Savings Bank, sign, either by themselves, or, in case of Infants under the Age of Seven Years, by some Person to be approved of by the Trustees or Managers, or by such other Person as they shall appoint, a Declaration in such Form as shall be directed or approved of by the Commissioners or other proper Officer, that the Person or Persons on whose Behalf any such first Deposit or Subscription shall be required to be made is not or are not entitled to any Deposit, or any such subsequent Deposit or Subscription in or any Benefit from the Funds of any Savings Bank, other than that into which such Deposit or Subscription shall be made, or any other Funds in the said Savings Bank; and in case any such Declaration shall not be true, or if any Person shall at any Time have or hold or be possessed of any Deposit or Funds in more than One Savings Bank within the United King- the Sinking dom, every such Person shall forfeit and lose all Right and Title to any Deposit in or to any Funds of any and every such Savings Bank; and the Managers and Trustees of such Savings Bank shall and they are hereby required in such Case to close the Account of such Depositor, and to cause the Sum or Sums so forfeited to be forthwith paid into the Bank of England or Bank of Ireland, as the Case may be, to the Account of the Commissioners standing in the Books of the Governor and Company of the said Banks respectively, under the Title of "The Account of the Commissioners for applying certain Sums of Money annually to the Reduction of the National Debt;" and the Cashier or Cashiers of the said Governor and Company is and are hereby required to receive all such Sums, and to place the same so the said Account, to be applied in like Manner as all other Money placed to the said Account; and every such Declaration so made shall be filed and Declarations kept and preserved by the Trustees of every such Savings Bank; and a printed Notice of such Regulation and Prohibition shall be affixed in the Office or Place appointed for the receiving of Deposits to any Savings Bank, in such Form as the said Commissioners or their proper Officer shall from time to time direct, or require or approve. XXXV. And

Q q 4

Fund.

shall be filed.

in the whole.

Trustees not XXXV. And be it further enacted, That from and after the to receive Twentieth Day of November One thousand eight hundred and from any one twenty-eight, it shall not be lawful for the Trustees of any Savings Depositor more Bank to receive from any One present or future Depositor any Sum than 30%. in any One Year, nor or Sums exceeding Thirty Pounds in the whole, exclusive of Commore than 150l. pound Interest, in any One Year, ending on the Twentieth Day of November, nor to receive from any Depositor any Sum or Sums of Money whatever, which shall make the Sum to which such Depositor shall be entitled exceed the Sum of One hundred and fifty Pounds in the whole: Provided always, that whenever the Sum or Sums standing in the Name of any Depositor shall amount in the whole to Two hundred Pounds, Principal and Interest included, that thenceforth no Interest shall be payable on any such Deposit so long as it shall continue to amount to the said Sum of Two hundred Pounds.

When Deposit

and Interest

amount to 200l.

Interest to

cease.

Not to affect Deposits of 2001. at the

passing of this Act.

Trustees not to receive from Persons

whose Deposit

amounts to 150l.

Depositors may withdraw their Deposits, and again subscribe, provided the same does not in any One Year

exceed 301.

Deposits may be withdrawn from one

XXXVI. And be it further enacted, That nothing in this Act contained shall prevent or be construed to prevent the Trustees of any Savings Bank from paying Interest to any Depositor whose Deposit shall, on the Day of the passing of this Act, amount to or exceed the Sum of Two hundred Pounds.

XXXVII. Provided always, and be it further enacted, That the said Trustees shall not receive from any such Depositor any fresh or additional Deposit, so long as the Sum or Sums to which such Depositor shall be entitled shall amount to or exceed the Sum of One hundred and fifty Pounds.

XXXVIII. And be it further enacted, That it shall be lawful for any Depositor, after having withdrawn any Sum or Sums of Money from and out of any Savings Banks, to re-deposit in any such Savings Bank, at any Time or Times within any One Year, reckoning from the Twentieth Day of November, any Sum or Sums of Money, provided such Sum or Sums of Money re-deposited, and any previous Deposit or Deposits which shall have been made by such Depositor in the Course of the Year, taken together, shall not exceed at any Time in such Year the Sum of Thirty Pounds additional Principal Money bearing Interest; and the Trustees and Managers of Savings Banks are hereby prohibited from receiving from any Depositor any Sum or Sums which shall make the said Depositor entitled at the End of such Year to more than the said additional Sum of Thirty Pounds within Twelve Calendar Months, reckoning from the Twentieth Day of November as aforesaid.

XXXIX. Provided always, and be it further enacted, That at any Time after the passing of this Act it shall and may be lawful for any Depositor in any Savings Bank to withdraw from such Savto be placed in ings Bank the Whole of his or her Deposits and Interest thereon at

Savings Bank

another.

any One Time (but not in Parts or Shares), for the Purpose of investing the same in any other Savings Bank; and in such case it shall be lawful for the Trustees or Managers of any such Savings Bank from which such Deposit shall be intended to be withdrawn, or any One or more of them, and they are hereby required, to grant to any such Depositor a Certificate, under the Hands of such One or more Trustee or Trustees, Manager or Managers respectively, attested by the Secretary or Actuary of such Savings Bank, and such Certificate shall state the whole Amount of the Deposit and Interest due to such Depositor in such Savings Bank, and shall be in such Form

as

as shall be directed or approved of by the Commissioners for the Reduction of the National Debt, or their Officer; and upon the Production of such Certificate, signed as hereinbefore directed, to the Trustees or Managers of the Savings Bank into which such Deposit and Interest is intended to be removed, the Person applying shall, and he or she is hereby required to indorse his or her Name on the Back of such Certificate, in the Presence of One or more of the Trustees or Managers of such Savings Bank, and such Indorsement shall be attested by One of such Trustees or Managers; and if such Trustee or Trustees, or Manager or Managers, shall be satisfied that such Certificate is authentic, and that no Abuse is intended thereby, it shall and may be lawful for the Trustees or Managers of such Savings Bank to receive the Sum specified in such Certificate, and to place the same to the Account of the Person therein described in the Books of such Savings Bank, any thing in this Act to the contrary thereof notwithstanding: Provided always, that previous to such Investment a like Declaration shall be made by the Person applying to make such Deposit as is required in other Cases of making Deposits in Savings Banks according to the Provisions contained in this Act, and such Person shall be considered in all respects as an original Subscriber to such Savings Bank, and shall be liable to all such Rules, Regulations, and Restrictions as an original Subscriber to such Bank.

any

Depositor dying leaving

any

Sum ex

ceeding 501. the same not

be paid on

Probate where the Estate is under 501.

XL. And be it further enacted, That in case any Depositor in the Funds of any Institution taking the Benefit of this Act shall die, leaving any Sum or Sums of Money in the said Funds, or any Dividends or Interest due thereon, belonging to him or her at the Time of his or her Death, exceeding in the whole the Sum to be paid until of Fifty Pounds, the same shall not be paid to any Person or Per- after Adminissons as Representative or Representatives of such Depositor, but tration. upon the Probate of the Will of the deceased Depositor, or Letters of Administration of his or her Estate and Effects: Provided No Duty to always, that where the whole Estate or Effects of any such deceased Depositor, for or in respect of which Probate or Letters of Administration respectively shall be granted, shall not exceed the Value of Fifty Pounds, no Stamp Duty shall be chargeable thereon, nor upon any Legacy or Residue or Part thereof bequeathed, nor upon any Share or Part of the Estate or Effects to be paid or distributed by or under such Probate or Letters of Administration: Provided also, that in every such Case the Person or Persons claiming such Probate or Letters of Administration free from Stamp Duty under this Act, shall exhibit to the Court or Person having Authority to grant the Probate or Letters of Administration in such Case a Certificate of the Amount and Value of the Share and Interest which the deceased Depositor claiming Prohad in the Funds of the said Institution, which Certificate shall be bate, &c. granted in such Form and Manner as shall have been settled by the Rules or Regulations of the Institutions respectively, and shall be signed or testified by such Petson or Persons as shall be directed therein; and every such Certificate shall be taken and received, by the Court or Person having Authority to grant such Probate or Letters of Administration, as Evidence of the Amount and Value of the Shares and Interests of the deceased Depositor in the Funds of the said Institution.

XLI. And

Certificate of Amount and Value of Interest to be Depositor's produced on

Administration
Bonds, &c.
for Effects

under 50%. ex-
empted from
Stamp Duty.

Where the Effects of a Person dying Intestate shall not exceed 50%. the same may be divided according to the Rules of the

Institution, &c.

Payment to

Persons appear ing to be next of

Kin declared valid.

Remedy for next of Kin.

Payments

under Probates of Wills, &c. appearing to be in force shall be valid.

XLI. And be it further enacted, That in all Cases where the whole Estate and Effects of any deceased Depositor, for or in respect of which Letters of Administration shall be granted, shall not exceed the Value of Fifty Pounds Sterling, no Stamp Duty shall be chargeable upon the Bond required to be given by the Administrator for the due Administration of the Effects of such deceased Depositor, nor upon any Affidavit or Document leading to or connected with such Administration, but that every such Bond and Affidavit shall be exempted from Stamp Duty in like Manner and under the like Regulations as are provided in and by this Act with respect to such Letters of Administration: Provided always, that in case any Depositor in the Funds of any such Institution shall die, leaving a Sum of Money in the said Fund, which, with the Interest thereon, shall not exceed in the whole Fifty Pounds, it shall be lawful for the Trustees or Managers of such Institution, and they are hereby authorized and permitted, in case such Trustees or Managers shall be satisfied that no Will was made and left by such deceased Depositor, and that no Letters of Administration will be taken out of the Goods and Chattels of such Depositor, to pay the same at any Time after the Decease of such Depositor, according to the Rules and Regulations of the said Institution; and in the Event of there being no Rules and Regulations made in that Behalf, then the said Trustees or Managers are hereby authorized and permitted to pay and divide the same to and amongst the Person or Persons entitled to the Effects of the deceased Intestate, according to the Statute of Distributions.

XLII. And be it further enacted, That whenever any Trustees or Managers of any Savings Bank, at any Time after the Decease of any Depositor, have paid and divided any Sum of Money not exceeding Fifty Pounds to or amongst any Person or Persons who shall, at the Time of such Payment, appear to such Trustees or Managers to be entitled to the Effects of any deceased intestate Depositor, according to the Statute of Distributions, or according to the Rules and Regulations of any such Savings Banką, the Payment of any such Sum or Sums of Money shall be valid and effectual with respect to any Demand of any other Person or Persons as next of Kin of such deceased intestate Depositor, or as the lawful Representative or Representatives of such Depositor, against the Funds of such Savings Bank, or against the Treasurer or Trustees or Managers thereof; but nevertheless such next of Kin or Representatives shall have Remedy for such Money so paid as aforesaid against the Person or Persons who shall have received the same.

XLIII. And be it further enacted, That Payment of any Money by any such Institution as aforesaid, to any Person or Persons having any Letters of Administration or Probate of any such Will or testamentary Disposition granted by any Ecclesiastical Court, and appearing to be in force, shall be valid and effectual with respect to any Demand of any other Person or Persons, as the lawful Representative or Representatives of such Depositor, against the Funds of such Institution, or against the Treasurer, Trustees, or Managers thereof; but nevertheless such lawful Representative or Representatives shall have Remedy for such Money

Trustees or

Money or Securities for Money so paid or transferred as aforesaid, against the Person or Persons who shall have received the same. XLIV. And be it further enacted, That no Power, Warrant, or Powers of Letter of Attorney, granted or to be granted by any Person or Attorney, &c. Persons, or Trustee or Trustees of any Institution established given by under this Act, nor any Power, Warrant, or Letter of Attorney Depositors, not given by any Depositor or Depositors in the Funds of such liable to Stamp Institution to any other Person or Persons, authorizing him, her, Duty. or them to make any Deposit or Deposits of any Sum or Sums of Money in the said Funds on behalf of the said Depositor or Depositors, or to sign any Document or Instrument required by the Rules or Regulations of such Institution to be signed on making such Deposits, or to receive back any Sum or Sums of Money deposited in the said Funds, or the Dividends or Interest arising therefrom, nor any Receipt nor any Entry in any Book of Receipt for Money deposited in the Funds of any such Institution, nor for any Money received by any Depositor, his or her Executors or Administrators, Assigns or Attornies, from the Funds of such Institution, nor any Draft or Order, nor any Appointment of any Agent or Agents, nor any Certificate or other Instrument for the Revocation of any such Appointment, nor any other Instrument or Document whatever required or authorized to be given, issued, signed, made, or produced in pursuance of this Act, shall be subject or liable to or charged with any Stamp Duty or Duties whatsoever.

Where Dis

putes arise,

same to be

Arbitrators; and in case

Barrister.

XLV. And be it further enacted, That if any Dispute shall arise between any such Institution, or any Person or Persons acting under them, and any individual Depositor therein, or any Executor, Administrator, next of Kin, or Creditor of any deceased Depositor, or any Person claiming to be such Executor, Administrator, next of Kin, or Creditor, then and in every such Case of their not the Matter so in dispute shall be referred to the Arbitration of agreeing, to Two indifferent Persons, one to be chosen and appointed by the be settled by a Trustees or Managers of such Institution, and the other by the Party with whom the Dispute arose; and in case the Arbitrators so appointed shall not agree, then such Matter in dispute shall be referred in Writing to the Barrister at Law so to be appointed by the said Commissioners as aforesaid, who shall receive a Fee of not more than One Guinea; and whatever Award, Order, or Determination shall be made by the said Arbitrators, or by the said Barrister, shall be binding and conclusive on all Parties, and shall be final to all Intents and Purposes, without any Appeal; and the said Award, Order, or Determination shall declare by whom the said Fee payable to the said Barrister shall be paid; and no Submission to, or Award, Order, or Determination of the said Arbitrators, or of the said Barrister, shall be subject or liable to or charged with any Stamp Duty or Duties whatever.

XLVI. And for the more effectually ascertaining from time to time the actual and progressive State of the several Savings Banks respectively, be it enacted, That the Trustees or Managers of any Savings Bank shall annually cause a General Statement of the Funds of such Savings Bank, invested in the Bank of England or the Bank of Ireland in the Names of the Commissioners for the Reduction of the National Debt, to be prepared, up to the Twen

Trustees of

Banks shall

make up annua

ally Accounts

of their Progress, &c. and