Section 57, The Post Office Savings Bank (Rate of Interest) Order

Where the sum due on the decease of a depositor doesnot exceed in the whole the sum of one hundred pounds, the Postmaster General shall pay the persons named in any nomination made by such depositor, and in force at the time of his death, according to the direction of such nomination, and the receipt of any person so named shall be a good discharge to the Postmaster General for the sum so paid notwithstanding such person has not attained the age of twenty-one years, if such person has attained the age of sixteen years. If upon the decease of a depositor the sum due to him or to his estate exceeds one hundred pounds, any nomination made by such depositor shall take effect as regards any sum or sums to which the same relates, not exceeding one hundred pounds, in like manner as if it were a will of the deceased depositor duly executed, but shall not take effect in any other manner; and a nomination shall not in such case be deemed void because the .depositor was a minor at the time such nomination was made. In any such case as last aforesaid, the Postmaster General may, subject to the provisions of this section, pay any sum or sums to which a nomination relates, not exceeding in the aggregate one hundred pounds, according to the directions of such nomination, notwithstanding the production of probate of S.L.-VoL. VII-25* Procedure under nomination. 1260 Cap. 161] Post Office Savings Bank the will of a deceased depositor or letters of administration to his estate. !':y;:ntfi~or f 58. Where any person nominated to receive any sum on the a :om~~e 0 death of a depositor is an infant under the age of 16 years, and under 16. it is proved to the satisfaction of the Postmaster General that Annual transmission of depositor's book to principal office. Loss of depositor's funds are urgently needed for the maintenance, education or benefit of such infant, the Postmaster General in his absolute discretion may pay the sum mentioned in th~ nomination, or any part thereof, to any person who may satisfy the Postmaster General that he will apply such money for the benefit of such infant, and the receipt of such person shall be a good discharge to the Postmaster General for the amount so paid. Miscellaneous.