SAVING 2d. STAMP

Sun (Auckland), Volume III, Issue 760, 5 September 1929, Page 10

SAVING 2d. STAMP

WITHDRAWALS FROM PRIVATE BANKS DEBIT FORM ADOPTED Determined to relieve clients of the necessity of affixing a 2d stamp to slips for withdrawal of each amount over £2, the Auckland Savings Bank trustees have adopted an altered form of withdrawal slip. rpHE new slip will obviate annoy- ■*" ance to private banks' clientele, in the form of the 2d stamp insisted upon by the Stamp Duties Department, and is acceptable both by the bank and the commissioner of stamps. A debit slip will be the form presented by drawers of money to the bank in future, instead of the familiar pink withdrawal receipt. The principal alteration will be in the phrasing of the form. Existing withdrawal forms signed by clients are couched in these terms: “Received from the Auckland Savings Bank” (a blank sum) “ to be charged to my account.” Withdrawing money by the new slip, clients will sign a statement as follows: “To the Auckland Savings Bank . , . I (we) hereby authorise you to debit my (our) account with” (a blank sum). —.” “The commissioner of stamps has certified that the new withdrawal slip is in a form to exempt it from the duty stamp,” states Mr. Clem Bartley, manager of the Auckland Savings Bank. He also announces that the board of trustees of the bank has defined the form as valid and a sufficient discharge. A similar change of withdrawal slip is understood to be contemplated by the Auckland Post Office Savings Bank. The acting-chief postmaster, Mr. J. J. Kearney, however, has received no advice on the point.