354 
     
    
   
   
    
     ROYAL GAZETTE. 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     time when made, and each depositor shall re- 
     
     ceive gratis, at the time of his or her first de- 
     
     posit, a bank or pass book for containing a 
     
     duplicate of his or her account, which said pass 
     
     book shall be produced to the Treasurer or 
     
     Deputy Treasurer, upon all occasions of depos- 
     
     iting or withdrawing moneys, in order that a 
     
     duplicate entry may be made therein. 
     
    
   
   
    
     VII. E *ery depositor in the said Savings. 
     
    
   
   
    
     Bank, shall. be entitled to receive for the 
     
     moneys so deposited therein, interest at the 
     
     rate _of five pounds per centum per annum on 
     
     all diaposits which in the whole may amount 
     
     to twenty shillings or upwards, but no interest 
     
     shall be calculated on any fractional part of a 
     
     pound. 
     
    

    
     VIII. In order to simplify the keeping of 
     
     the books of the said Savings Bank, and the 
     
     mode of calculating the interest to be paid on 
     
     deposits, the accounts thereof shall be kept by 
     
     a monthly system, the commencement of the 
     
     monthly accounts shall be on the first day of 
     
     every month in each and every year, and inter- 
     
     est shall be allowed from the first day of every 
     
     month respectively on the amount deposited in 
     
     each preceding month, and all interest which 
     
     may be due to the several depositors on the 
     
     thirtieth day of November in every year, shall 
     
     from that time be made principal. 
     
    

    
     IX. Provided always that each depositor shall 
     
     have the right to receive the interest payable 
     
     on his or her deposit account at the end of every 
     
     01' any year, if he or she shall so require, in- 
     
     stead'of having the same added or made part of 
     
     the principal, but in all cases where a depositor 
     
     shall be desrious to receive payment of such in- 
     
     terest at the end of a year, it shall be necessary 
     
     far said depositor to give notice to that effect to 
     
     the Treasurer or Deputy Treasurer, at least one 
     
     week before the end of such year, unless the 
     
     depositor shall have the full amount of one'hun- 
     
     dred pounds on interest, in which case, such de- 
     
     positor shall be entitled to receive his or her 
     
     yearly'interest, at any time after the close of 
     
     the year, on application on business hours for 
     
     that purpose, without previous notice. 
     
    

    
     X. No person making deposits in the said 
     
     Savings Bank, shall at any time have more than 
     
     the sum of one hundred pounds bearing interest 
     
     in "the funds thereof, but any person of the de— 
     
     scription permitted to make deposits, may have 
     
     any sum which may be in excess of the said 
     
     sum of one hundred pounds in the funds of the 
     
     Savings Bank, for the purpose of safe custody, 
     
     without being allowed interest thereon, provid- 
     
     ed nevertheless, that any charitable, benevolent 
     
    
   
   
    
       
     
    
   
   
    
     or friendly society, may, through their Treasur- 
     
     er or other proper officer or officers duly autho- 
     
     rized thereto, deposit their funds, not in any 
     
     case to exceed one hundred pounds, at interest 
     
     in the funds of the Said Bank, and may leave 
     
     therein any excess above the said sum of one 
     
     hundred pounds for safe, custody. 
     
    

    
     XI. The Treasurer of the said Island shall 
     
     superintend the said Savings Bank, and it shal 
     
     be his duty to see that the same is conducted 
     
     in accordance with the provisions of this Act, 
     
     and the rules, orders and regulations from time 
     
     to time made by the Lieutenant Governor or 
     
     other Administrator of the Government in Coun- 
     
     cil, in relation thereto. 
     
    

    
     XII. Neither the said Treasurer, Deputy 
     
     Treasurer nor any other officer or person having 
     
     the management, or employed in or about the 
     
     management or business of the said Savings 
     
     Bank, shall derive any benefit from any deposit 
     
     made in such institution, but that the persons 
     
     depositing money therein shall have the sole 
     
     benefit of such deposits, and the produce there- 
     
     of, save only and except such salaries and al- 
     
     lowances, or other necessary expenses as shall 
     
     by law, or according to such rules, orders and 
     
     regulations, to be made as aforesaid, be provided 
     
     for the charges of managing such institution, 
     
     and for remuneration to officers employed in the 
     
     management thereof. 
     
    

    
     XIII. It shall be lawful for the said Treasure 
     
     or or Deputy TreaSurer to receive deposits for 
     
     the benefit of any person under the age of 
     
     twenty-one years, being of the class and de- 
     
     scription of persons permitted by the second sec- 
     
     tion of this Act to make deposits in the said 
     
     Bank, and to pay to such person his or her 
     
     share or interest in the funds of the said insti- 
     
     tution, and the receipt of such person shall be a 
     
     sufficient discharge, notwithstanding his or her 
     
     incapacity or disability in law to act for him or 
     
     herself. 
     
    

    
     XIV. Should any depositor lose his or her 
     
     pass book, upon notice thereof being given to 
     
     the Treasurer or Deputy Treasurer, and upon 
     
     payment of the original cost of the said book, 
     
     such depositor shall receive a new one, contain- 
     
     ing a certified duplicate of his or her account, 
     
     but after the loss of such book, the amount of 
     
     moneys belonging to such person in the said 
     
     Bank shall not, under any circumstances, be 
     
     drawn out without a month’s notice. ’ 
     
    

    
     XV. No sum of money deposited in the said 
     
     Savings Bank, nor the interest thereof, shall be 
     
     transferable in the books of the said institution, 
     
     nor shall any person, save the depositor, (unless