MY LADY’S CHEQUES

Evening Star, Issue 20137, 30 March 1929, Page 19

MY LADY’S CHEQUES

lii those days of feminine independ('i)oo it is Llio growing custom for every businesslike Eve; to linvo her own banking account. Whether it is for housekeeping, lor dress, or tor general convenience purposes, the banking habit is one tiiat should be oneourayed (writes Wyn White, m tho ‘ Sydney Morning Herald’). It makes Eve realise the business side of money, enables her to appreciate the financial aspect of saving and spending. A banking account naturally brings in its train the problem of cheques, and is is surprising how the liner points (ami often the essential ones) of cheque procedure are generally unknown to the average hanking customer, ft is no secret that bank tellers spend a great deal of lime in rectifying the many errors that arise. What is a cheque? Quite simply it represents an order to a bank to pay a certain .sum of money to a person specified. There are two kinds—Bearer and Order. Tho bearer form is tho simpler to understand, for the paying bank—i.t., the bank whoso name and address are printed in the upper section, will pay such a cheque upon its simple presentation without any endorsement or formality. It is payable to bearer, in other words, to anybody. .Supposing you write a cheque to pay the butcher’s bill, ami word it thus: “.Pay Tom Butcher or bearer one pound.” All that Tom Butcher, or anyone else who linds it, has to do to obtain payment is to present it at your bank. The teller will then legally have to pay the amount to the person presenting the cheque. This method is obviously unsafe, as it would be easy for anyone to liml your cheque and obtain payment. A bearer cheque is useful, however, when the customer frequently draws mone\ from tho bank - over the counter. An order cheque requires the signature of the payee—i.o., tho person to whom payable—on the reverse bide. And the most important thing to note is that the signature, or endorsement as it is called, must be written exactly as it appears on the lace. ]f it is payable to “ de la .Mode,” the endorsement cannot read “ .Modes.” If the payee’s name is incorrectly spelt on the face the endorsement should bo written as designated, followed by the correct spelling! The courtesy title of “ Miss ” or “Mrs” is not required, however. What, is the effect of those transverse parallel lines drawn across a chequei' They signify that the paying bank will only make payment to another bank, and not to the payee in person, person. Whether these linos have “and Co.” or “ Bank ” written between them, tho meaning is the same. The payee must hand such a cheque over to her own hank (correctly endorsed if an order cheque), which will in turn present it to the paying hank, and after collection will credit tho payee’s account with the proceeds. The mere striking through of the word “ hearer ” on a cheque constitutes it at once an order one, requiring the payee’s endorsement. Tn change an order cheque into a bearer requires the .suitable, cancellation, with life word “bearer ” written above, together with tho drawer’s initials as authority for the alteration. In the ordinary way of business, for paying bills, etc., it is therefore wisest and safest to use it crossed order cheque.

SIMPLE. BUT SMART Herringbone si itch, known chiefly for sewing flannel seams, can be very decorative in gay colours on cotton frocks. The most important point is to work it evenly. Practice makes perfect, and after a lime even the most inexperienced needlewoman will liml hcrsel), skimming over the Mirlacc in doublequick time. One of the most delicious clients 1 have ever seen was on an expensive model in a famous Erench dressmaker’s in Pan.-., says an English writer. 1 thought then how exquisite such work would look on a little girl s best truck. The material was georgette in a st.lt periwinkle blue. Hound the hem and on the .short sleeves and the rounded neck were circular blobs done in chain stitch in rabbit’s wool! It sounds incongruous, hut the result was perfect. If tho hs are placed sufficiently close together there is no need lor any other sort of stitching. Georgette, for all its appearance of fragility, wears and washes extremely well, and, curiously enough, there is quite an element of warmth in it. Another simple stitch which n quite* no thought and little trouble i- the stem stitch. Most people who can hold a needle can do this, it makes a pretty trimming for shantung or tussore siik. thus: A* 5 line, or, if a more elaborate el feet is desired, two of the stem stitch, thou a plain piece filled with two or three lines ot Erench knots and another line or two of the stern stitch to enclose it and make a little border. Here, again, tho fancy stitching is till that is requires; <n secure tin; hem, etc. Any of these can lie worked in last coloured words on line vivolla. or one oi tho wool materials now on the marku 1 '