Section 7, The Post Office Savings Bank (Rate of Interest) Order

Notwithstanding the provisions of rules 4 and 5 it shallbe lawful for- (i) a Government officer who is responsible in his official capacity for the supervision of the moneys of a person or body of persons to deposit such a sum or sums of money, exceeding one thousand pounds in any year ending on the 31st December, as may be approved by the Postmaster General into an account standing in the name of the person or body of persons; (ii) trustees of savings organisations specially approved by the Postmaster General to deposit any sum or sums of money, not exceeding one thousand pounds in any year ending on the 31st December, per member of the organisation, into an account standing in the name of such organisation.