POSTAI, SAVINGS BANK 73 



The book is made out in his name and any fact affecting the deposit is 

 entered in it. The Office also undertakes custody of securities belonging 

 to its depositors it has not itself purchased for them. 



No separate charge is made for custody of Consols bought by the Office 

 when, in the request for purchase, request for custody is also made. Otherwise, 

 in the deed of delivery a single charge is made of 2 "/qq according to the 

 price on the Vienna Exchange on the day of deHvery, but of 40 heller at 

 least ; and this is deducted from the deposit or cheque account. The coup- 

 ons are paid by the Postal vSavings Bank on their relative maturity and, 

 when a request to the contrary is not made, credited to the savings deposit 

 or cheque account. 



The management of the Postal Savings Bank, besides purchase and 

 custody, also undertakes sale of Government bonds at the rate shown 

 in the official list of the Vienna Exchange on the day of sale, charging 

 2 °/oo on the amount sold, but always a minimum of 40 h. The proceeds 

 of the sale are, at the desire of the seller, credited to his deposit or cheque 

 account or forwarded to the address given. 



(d) Collection of Bills and Similar Operations. 



The Austrian Postal Savings Bank OflSce undertakes to collect bills 

 of every kind, accepted or not, cheques, money orders and invoices for its 

 depositors and the holders of current accounts. 



It further undertakes to pay bills indicated as payable at the Postal 

 Savings Bank Office selected by the drawee ; to pay the amoimt of bonds 

 issued in connection with State or other loans, land bonds, lottery tickets 

 or coupons. Finally, it changes gold and silver and foreign Government 

 bank notes. 



(e) Loans on Pledge of Personal Estate. 



The Austrian Postal Savings Bank grants loans on pledge of State 

 securities or other personal estate securities. It accepts in pledge 

 Government Consols as well as the bonds of the Kingdoms and Countries 

 represented in the Imperial Council and, generally, such personal estate 

 securities as the Austro -Hungarian Bank may, in accordance with its 

 rules, grant loans upon, as also the shares and land bonds of the Austro- 

 Hungarian Bank. The borrower must repay the loan when due, with in- 

 terest, unless he has been allowed to renew. If the loan is not repaid when due, 

 the bank has the right, without previously notifying the borrower and with 

 out appeal to the law courts, to sell the bonds it holds in pledge and repay 

 itself out of the proceeds. Any balance remains without interest as a de- 

 posit in the Savings Bank. The rate of interest on loans on pledge of Gov- 

 ernment securities and other personal estate securities is fixed by the Man- 

 agement of the Postal Savings Banks. The interest is paid at maturity, at 

 date of extinction or renewal of the loan. 



