66 AUSTRIA - CREDIT 



partmenf for the Collection of Bills and other Similar Operations, (e) Depart- 

 ment for Loans on Pledge of Personal Estate, (f) Discounting Department, 

 (g) Administration of Salt Spring Certificates. 



(a) Savings Department. 



The Postal Savings Bank Office receives the savings deposited in the 

 post offices, invests the money at interest and refunds it on demand through 

 the post offices. On occasion of the first deposit the post office gives the 

 depositor a bank book, made out to his name ; it must contain proof of 

 the depositor's identity and his signature ; any future deposits may be made 

 in any post office, and entered in the bank book. Not more than one book 

 may be issued for a single depositor. The depositor, his legal successor or 

 representative, may always withdraw the entire amount deposited at any 

 post office indicated by him, after notice given. Even depositors under age 

 may withdraw their deposits, unless their legal representatives present 

 written objection at the Postal Savings Bank Office. 



Except in this case, objections against withdrawal of deposits can 

 only be considered when a suit is pending affecting the right of ownership 

 of the bank book. 



Objections of the kind must be presented in writing at the Postal 

 Savings Bank Office together with the necessary documents. 



The deposits made with the postal savings bank are not distrainable 

 nor may they be pledged ; nor are the bank books subject to judicial 

 execution. 



The minimum deposit is one crown : any larger deposit must be a multiple 

 of a crown. To render savings of smaller amounts possible, " Postal savings 

 cards " are issued. When stamps to the amount of one crown have been 

 attached to such a card, it is accepted in deposit. A single depositor may not 

 present more than three postal savings cards a week. 



The credit of a single depositor, in principal and interest must never 

 be more than 2,000 crs. However, deposits may be made in excess of this, 

 if at the same time application is made for the purchase of State securities. 



Withdrawals of aU or part of the savings are made by means of not- 

 ice given by the person who has a right to them : there are special forms 

 for notice of withdrawal, distributed to the depositor together with the bank 

 book when he makes his first deposit. The Postal Savings Bank Office, 

 on receipt of the demand, sends the depositor or the person indicated by 

 him in his demand, an order payable within two months. This is generally 

 sent by return post, at any rate speedily enough to allow of withdrawal 

 within the following periods, counting from date of receipt of demand at 

 the Postal Savings Bank Office : amounts of between 20 and 200 crs. 

 within 15 days; amoimts between 200 and 1,000 crs., within a month; 

 amounts in excess of 1,000 crs., within 2 months. The depositor may, 

 however, withdraw amounts up to 40 crs. immediately on demand at any 

 post office even without first advising the Postal Savings Bank Office. 



