RULES OF THE WELLINGTON SAVINGS BANK. [Passed at a Public Meeting May 8,1846.]

New Zealand Spectator and Cook's Strait Guardian, Volume V, Issue 367, 7 February 1849, Page 3

RULES OF THE WELLINGTON SAVINGS BANK. [Passed at a Public Meeting May 8, 1846.]

J. All atfairs relative to '•this Bank shall be under the managements not less than thirty Mariagers. 2. The Managers shall elect every year .from their* own body a Superintending Committee of twelve (three of whom shali'~'form a quorum), who shall , be empowered to superintend, manage, "and conduct the general business of the Bank; to nil up; pro tern, vacancies in their own body, and' to appoint^trustees, auditors, and other officers of the establishment. The proceedings of the Superintending Committee'to be at all times open to the inspection of the) Managers. 3; The Union Bank of Australia shall be appointed to act as Treasurers, ( ''"'',, 4. All depositors shall be. bound to submit to the rules of the Bank. - - < 6. Deposits of not less than one shilling may be , received, but no person's deposits shall exceed thirty pounds sterling per armnm ; but deposits from charitable or friendly societies will for the present be received (at the discretion of .the' Superintending Committee) without limitation as to amount, t

', 6. Deposits may be received from, or for the benefit of, minors ; in the same manner in every respect as from persons of 21 years of age and upwards. 7. Every person desirous of becoming a depositor in this Sank, shall sign a declaration that he is not a depositor in any other Savings Bank in New Zealand, and that he has no interest in any sums deposited in the names of other parties in this Bank — except so far as he may be interested in any charitable or friendly society. 8. All sums received shall be invested in Government securities only. 9. Interest shall be allowed on deposits at the rate of ,4 per cent, per n-nnnrn, but no interest shall be allowed on the fractional parts of a pound. 10. Depositors may receive the whole, or any part, of their deposits, on giving fourteen days' notice ; and interest will be allowed up to the day of such notice. 11. The Managers shall be at liberty to return to any of the depositors the amount of their deposits, and may refuse to receive deposits' in any case when they shall deem it expedient. > 12 f Three Managers and one member of the Superintending Committee shall attend every Saturday evening at Mr. Boss' office, from six to eight, and every Monday morning from tirelve to 'b"ne, at the Bank, for. the purpose of receiving deposits, making payments, and receiving notices of withdrawals: all deposits received to be paid into the Bank the same <iay. 13. The deposits shall be entered in the books of the Bank at the time they are made, and the depositor shall receive a book with a corresponding entry therein, which book must be brought to the office every time any further sum is deposited or withdrawn. 14. The Superintending Committee shall have full power to alter and revise any of the above recited rules ; to frame any other rules necessary for the temporary management of the Institution, and shall prepare a body of rules for the permanent management of the Bank, which they shall submit to the Managers, previous to any application being made for a Local Ordinance. 'IS..T he next general meeting of Managers shall taice place on the first Thursday in July, at Barrett's Hotel,, at 8 o'clock, p.m.; but the Superintending Committee shall callspecial meetings whenever they deem it expedient; and shall be compelled to call a special meeting of the Managers whenever they shall receive a written requisition to that effect from any five managers. '