the provisions of this Act, to be laid before the General Assembly at their next Session; and whenever the Debentures issued in pursuance of the provisions of this Act, shall amount in the aggregate for the whole Province to the said sum of ten thousand pounds, the said Treasurer and his Deputies shall cease to issue any more such Debentures, and it shall be the duty of the said Treasurer to give the requisite directions to his Deputies for this purpose.

14. Provided always, That it shall be lawful to and for the Trustees for the time being, of any such Institution, to invest, place, and deposit any moneys that may have been paid to such Institution upon interest in any other fund or stock, or upon good and valid security within this Province, in case the so doing may be made to answer the ends of such Institution.

15. And whereas it is expedient to provide against an improper investment of moneys under the provisions of this Act, the privilege aforesaid, of paying money into the Province Treasury, and of receiving Debentures for the same, shall be restricted to such Institutions only which shall by one or more of their rules provide that no person making deposits with such Institutions shall at any one time have more than the sum of fifty pounds bearing interest in the funds of such Institution; and shall also, by one or more of their rules, provide that no description of persons shall be permitted to make deposits with such Institution except tradesmen, mechanics, labourers, servants, and other the industrious classes of His Majesty's subjects; and it shall be lawful for the Treasurer, or Deputy Treasurer as aforesaid, previous to the payment of any sum or sums into the Province Treasury, in pursuance of this Act, to require the production of such rule or rules so limiting the sums to be deposited to the amount above mentioned, and so limiting the description of persons permitted to make deposits with such Institution, certified under the hands of two of the Trustees or Managers of each such Institution respectively.

16. Provided always, That any benevolent or friendly Society may, through their Treasurer, Steward, or other officer or officers, deposit the whole or any part of their funds in the funds of any Institution which shall take the benefit of this Act, under such terms and conditions as shall be specially

provided for that purpose by the rules, orders, and regulations of such Institution, provided the same shall not exceed the amount of one hundred pounds, any thing herein before contained to the contrary notwithstanding.

17. In case any depositor in the funds of any such Institution shall die, it shall be lawful for the Trustees or Managers of such Institution, and they are hereby authorized and required, if no Will shall be proved, or no Letters of Administration shall be taken out within six calendar months after the death of the said depositor, to pay the same according to the rules and regulations of the said Institution in such case made and provided; and in the event of there being no rules and regulations made in that behalf, then the said Trustees or Managers are hereby authorized and required to pay, and divide the same, to and amongst the person or persons entitled to the effects of the deceased Intestate, according to the Act of Assembly for the distribution of the Estate of Intestates.

SCHEDULE.
(A)

Form of the Order of the Trustees to make payments into the Province Treasury, to be produced to the Province Treasurer or one of his Deputies.

We, being two of the Trustees of the Saving Bank established at [insert the Town and County, or City,] do in pursuance of an Act of Assembly of the 6th Geo. 4th, Chap. -, intituled an Act [here insert the Title of this Act] hereby authorize and direct A. B. to pay into the Province Treasury pounds, and to receive for the same on account of us the said Trustees, a Saving Bank Debenture of the like amount, carrying interest at the rate of six pounds per centum per annum : And we hereby declare that the sum above stated is the exclusive property of the said Saving Bank specified in this our order, arising wholly from individual contributors of the description named in the said Act, and not exceeding the amount specified in the said Act for the contribution of each contributor, or arising from the voluntary donations to the funds of the said Society.

Witness our hands this

day of

A.
B.

Trustees.

Endorsement on the back of the Trustees Order, upon receipt of the Debenture.

Received the Debenture within described, in virtue of the foregoing order.

Witness my hand,

A. Acting for the Trustees.

(B)

Form of the Debenture to be issued by the Treasurer or Deputy Treasurer.

Whereas by virtue of an Act of Assembly of the 6th Geo. 4th, Chap. , intituled [insert the Title of this Act] the sum of pounds hath been paid into the Treasury of the Province of New Brunswick, on account of the Saving Bank established at [insert the Town and County, or City]. Now this Debenture is chargeable on the moneys in the Treasury of the said Province, and entitles the said Saving Bank to the principal sum of pounds, carrying an interest after the rate of six pounds per centum per annum, from the day of the date hereof, payable at the office of the Treasurer of the said Province, (or of the Deputy Treasurer for the place where the money be paid in, as the case may be,) by the order of two of such Trustees endorsed thereon, on the thirty first day of December next after the date hereof, or at any time before, upon the production of such order at the said office, the same being endorsed hereon, under the hands of two of the Trustees of the said Saving Bank, directing payment thereof to be demanded by the person producing the same; and the interest shall in all cases be computed to and include the five days following the date of such order.

Dated this

day of

A. Province Treasurer, (or Deputy Treasurer for

.)

This Debenture is not transferable nor assignable.

(C)

Endorsement of the Order of the Trustees on the Debenture to receive payment.

We, two of the

Trustees of the Saving Bank within described, do hereby authorize and direct A. B. to demand and receive both the principal and intcrest of this Debenture

in money, (or and receive the interest due thereon in money, and also a new Debenture of the like amount in lieu of this Debenture, bearing the like rate of interest, or a new Debenture or Debentures of the like amount, and the interest added thereto, bearing the like rate of interest,) as the case may be. Witness our hands this

day of

The receipt of the person acting for the Trustees must be subjoined to the order.

6th WILLIAM 4th-CHAPTER 52.

An Act to make provision for carrying on the affairs of the Savings Bank at Saint John.

Section 1.-When and by whom meetings of Members to be called, and what business may be done at the same.

Passed 16th March 1836.

WHEREAS in consequence of the difficulties in which the Bank for Savings established in the City of Saint John has lately been involved, it is expedient to make some further provision by Act of Assembly for carrying on the affairs of the said Institution ;

Be it enacted, &c.-1. The acting Trustees and Managers of the said Institution, or some two or more of them, are hereby authorized and required, within two months after the passing of this 'Act, to call a meeting of the members of the said Institution, and of any persons desirous to become members thereof, giving at least fourteen days notice in two of the Newspapers published in the said City, of the time and place of such meeting, and such meeting shall be deemed to be the annual meeting of the members of the said Institution for the present year under the rules and regulations for the management thereof deposited and filed in the office of the Clerk of the Peace for the City and County of Saint John; and it shall be lawful for such persons so assembled at such meeting, or at any adjourned meeting, to choose Trustees and Managers, and to alter and amend the said rules and regulations, or to make new rules and regulations for the management of the said Institution; provided always, that any rules and regulations

so to be made shall be conformable to the provisions of an Act made and passed in the sixth year of the Reign of King George the Fourth, intituled An Act to encourage the estabment of Banks for Savings in this Province, and shall be entered, deposited, and filed in the manner directed in and by the said Act.

4th VICTORIA-CHAPTER 20.

An Act to extend the provisions of an Act intituled An Act to encourage the establishment of Banks for Savings in this Province.

Section 1.-What further amount Treasurer authorized to receive.

Passed 19th March 1841.

WHEREAS in and by the thirteenth Section of an Act made and passed in the sixth year of the Reign of King George the Fourth, intituled An Act to encourage the establishment of Banks for Savings in the Province, it is among other things enacted, that the Debentures to be issued in pursuance of the provisions of the said Act shall never at any time exceed the amount of ten thousand pounds in the aggregate for the whole Province; and that whenever the Debentures issued in pursuance of the provisions of the said Act shall amount in the aggregate for the whole Province to the said sum of ten thousand pounds, the Province Treasurer and his Deputies shall cease to issue any more such Debentures, and it shall be the duty of the said Treasurer to give the requisite directions to his Duputies for that purpose: And whereas it is deemed expedient to extend the provisions of the same;—

Be it therefore enacted, &c.-1. It shall and may be lawful for the Treasurer of the Province, and his Deputies, in addition to the sum of ten thousand pounds to be by them received, and for which they are authorized and empowered to issue Debentures in and by this Act, to receive further deposits to the amount of ten thousand pounds, and to issue Debentures therefor in like manner and subject nevertheless to the provisions and restrictions in the said Act contained, any thing in the said Act to the contrary thereof in any wise notwithstanding.