PROFESSOR FAWCETT’S LATEST REFORM.
The new Postmaster-General has an opportunity of signalising his advent to office by introducing Professor Fawcett’s latest reform, which is very popular at Home. There, instead of buying money orders in the old fashion, one may go to a Post Office and purchase a kind of printed cheque, paying £1 0s 2d for a £1 cheque, and small sums pro rata for amounts under £l. This instrument is negotiable, and may be passed from hand to hand, like an ordinary £1 note ; but, unlike it, it is only payable on demand to the bearer, at a particular office specified on the face of the document, and is not payable if presented three months after the date of issue. This postal order can be crossed like a cheque, and made payable only through the banker mentioned in the “crossing.” The sale of the new orders is, however, confined to specified hours of the day. Undoubtedly the adoption of this scheme here would give the public greater facilities, for transmitting small sums of money through the Postal Department than they now enjoy, and ought to considerably increase the departmental profits.
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Poverty Bay Standard, Volume IX, Issue 932, 6 April 1881, Page 1 (Supplement)
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192PROFESSOR FAWCETT’S LATEST REFORM. Poverty Bay Standard, Volume IX, Issue 932, 6 April 1881, Page 1 (Supplement)
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