Post Office Savings Banks. 



429 



lor this purpose irrespective of ordinary Savings Bank 

 deposits. The dividends are collected by the Post Office and 

 added to the depositors' accounts without charge. 



Sales. — A depositor who buys Stock in this way can sell 

 the whole or a part of it at any time through the Post Office 

 Savings Bank. 



Commission. — The commission on a purchase or a sale of 

 Stock is 9d. for Stock not exceeding ^25, and 6d. on each 

 further £2$ up to ^100. Beyond this it is 6d. more for each 

 additional £100 Stock or part of £100 Stock. 



Further Provisions in Regard to Stock. — A deposi- 

 tor may, at a small cost, transfer Stock into his name at the 

 Bank of England, or obtain a Stock Certificate with dividend 

 coupons annexed. 



Advantages Offered for Old Age Pensions. 



PROVISION FOR Old Age can be made by buying Savings 

 Bank Deferred Annuities from £1 to £100 to begin at any 

 age selected. 



Return of Purchase Money. — The Premiums for De- 

 ferred Annuities can be returned on application, or on Death 

 before the Annuity begins, if the Contract is taken out on 

 these conditions. 



Immediate Pensions. — Annuities to begin at once, ol 

 any amount from £1 to £100 a year, can be bought through 

 the Post Office Savings Bank. The Purchase Money is pay- 

 able in a lump sum which is not returnable, and the Pensions 

 are payable half-yearly. On the death of an annuitant a 

 sum equal to one-fourth part of the annuity is payable to the 

 representatives, if claimed within two years. 



Procedure. — A simple form of Proposal can be obtained 

 at any Post Office Savings Bank. When filled up the forms 

 will be forwarded by the local Postmaster to the Chief Office, 

 London, and a Contract will be issued when the first premium 

 has been paid. Annuity Premiums are payable in the same 

 way as Insurance Premiums, namely, by transfers from 

 Savings Bank accounts. 



