When the Savings account of a depositor's exceeds 1,000 florins, the
Post Office Savings Bank is obliged to request the depositor by a
registered letter to lessen the amount of his saved up capital.
If within a month after the request the depositor has not lessened
the amount of his capital, there will at the expiration of the time,
be bought on his account in the course of the day, bonds of the only
stock issued in notes, to the amount of the sum required to reduce the
account to 1,000 florins, in any case for the nominal sum at least of
200 florins.
The price of this purchase will be entered to the debit of the
depositor's account as repayment; the bonds bought will remain under
the care of the Post Office Savings Bank and a Stocks-book will be
forwarded to the depositor.
* * * * *
A Depositor (Payer) who has in the Post Office Savings Bank an adequate
sum at his disposal can at any time request the Office to make
purchases for him in the Public Funds.
The request for the purchase is to be drawn up on Form N^o 22, and
must, if the purchased stock is to remain at the Post Office Savings
Bank contain a watchword. If the depositor already has a watchword in
connection with his deposit book that watchword is to be inserted.
If a depositor cannot write he must make his mark and have it attested
by a witness. If this witness is the same person who attested the
depositor's mark on the counter-cheque and in the deposit book, then
the request with the mark of the depositor and the signature of the
witness can be sent without further delay to the Post Office Savings
Bank. But if the signature of this witness cannot any longer be
obtained, the depositor has to go to a Receiving Office and himself
prove his own identity.
For the first purchase together with the request it is simply
necessary to enclose the deposit-book; for each subsequent purchase
the deposit-book and if it relates to deposited bonds the stock
account-book also must be sent.
The purchase is made as far as practicable according to the state of
the market as noted in the official price-list of the Vienna Exchange
on the day in which the request refered to reached the Post Office
Savings Bank, a commission being charged of 2 per thousand, which
however cannot amount to less than 20 kreutzers.
The stock bought will, according to desire of the depositor either be
sent at his own risk and cost to the address he names in his request or
be taken care of without cost by the Office under guarantee for kind
and number of documents, class of coupons and winning numbers in the
lotteries, and the Post Office Savings Bank will prepare and send to
the depositor with reference to them a «stock account-book» (Document
N^o 32).
Stock which the depositor has not bought through the Post Office
Savings Bank can be deposited by means of a stock account-book. The
process is thus: the Post Office Savings Bank buys the stock sent and
enters it to the credit of the sender, upon which the resale to him
is gone through and the stock entered in the usual way in the stocks
account-book.
In such cases the purchase and sale in respect of stock of the same
kind takes place at the same market price, so that there is no loss to
the depositor, merely costing for the purchase on account the fixed
commission of 2 per thousand.
Depositors have, with a view to the taking over of such stock to send
it at their own cost to the Post Office Savings Bank, joining with
it a request in which the stock to be taken over is described, the
deposit-book being sent (either lottery or stock account-book).
* * * * *
The Post Office Savings Bank undertakes to present at the Treasury of
the Public Debt, the bonds bought on account of depositors in order
that they may be stamped with the names of the holders.
This can be done at the request of the purchaser immediately after
purchase of the bonds refered to in which case the stamp duty will
be accounted for at the same time as the costs of purchase, or, the
stamping of the bonds can be requested which according to the stock
account-book are already in the Post Office Savings Bank. In the last
case the duty which including the cost of the form used amounts to 40
kreutzers a stamp is to be forwarded in postage stamps enclosed with
form N^o 22.
In every case the request must contain the exact name of the holder
and further information as to where he wishes to take the interest,
otherwise it will be understood that it is to be received at the Public
Debt Treasury.
After the stamping has occurred, which, according to rule must take
place within 3 or 4 weeks, the Post Office Savings Banks forwards the
stamped bonds to the address given before the business was entered on.
If an account of the interest due has to be prepared it is forwarded to
the holder by the Treasury of the Public Debt.
* * * * *
The coupons of the Bonds deposited as per stock account-book will,
when they fall due, be detached and cashed, and upon the day of their
falling due entered both in the stock account-books of the holders
without their having in each particular case to give notice. With
reference to these sums coupon-orders will be issued to the depositor
on the ground of which they can receive payment of them at any
Receiving Office, on the amount being entered in their deposit-book
before the expiration of the two months during which the orders are
valid.
After this the entry can only take place by sending the deposit-book to
the Post Office Savings Bank at Vienna.
It remains free to the holder of the stock-account book to cause the
Post Office Savings Bank to forward the coupons in its case, falling
due in their entirety or in part, either _in natura_ or in money to
himself or to a third party. This order should be sent to the Post
Office Savings Bank in sufficient time for it to arrive before the
coupons fall due.
When the coupons are detached and sent _in natura_, no commission is
charged, only the persons to whom they to be addressed must pay the
postage as when coupon interests are forwarded.
For banking coupons or lottery prizes, a commission will be charged as
for stock in case of the Post Office Savings Bank at 1 per thousand,
excepting, however, when the produce of the coupons is itself entered
to the account of the depositor.
* * * * *
The owner of a stock-account book can at any time request that his
stock in the public funds be sent to him or that it be sold. The
request is to be duly addressed to the Post Office Savings Bank on
form N^o 22^c in connection with N^o 24. The request forwarded to
the Post Office Savings Bank must contain the watchword and personal
signature of the person making the request and be accompanied by the
stock-account book and also by the deposit-book when it is a question
of entering the money resulting from the sale to the credit of the
depositor's account.
The sale takes place in agreement with the final state of the market
officially noted on the day the request arrived at the Post Office
Savings Bank upon a commission of 2 per 100, at the lowest, 20
kreutzers.
If a stock-account book is lost, the loser is to inform the Post Office
Savings Bank in writing, sending at the same time his watchword, and,
enclosing 20 kreutzers in postage stamps to request a duplicate.
If after eight days subsequent to the notice the stock-account book is
not found the Post Office Savings Bank will issue a duplicate and send
it to the depositor, or if an official act is sought with reference to
the book, the Post Office Savings Bank will enter into communication
with the actual possessor of the book and it will depend upon the
result whether the Post Office Savings Bank can grant the request
of the loser, or whether it decides to relegate the parties to the
magistrate in whose jurisdiction the matter lies.