Section 48, The Post Office Savings Bank (Rate of Interest) Order

Where application is made to the Postmaster General totransfer to the Savings Bank any sum standing to the credit of a depositor in any Government Savings Bank in the United Kingdom of Great Britain and Northern Ireland, in the Republic of Ireland, in Nigeria, Ghana, the Gambia, Jamaica, British Guiana or Antigua or from a Savings Bank in such other countries with which arrangements have been entered into by the Postmaster General for such transfer, the Postmaster. General may place such sum to the credit of such depositor in the Savings Bank.