Giro Credit Transfer Systems

ForewordPrefaceAuthor's NoteAcknowledgmentsChapter One 1.1. The Origin and Extent of Giro Systems 1.2. A Foundation for National Efficiency 1.3. The Appeal to Developing Countries 1.4. The Universal Postal Union International Giro Agreement 1.4.1. Europe 1.4.2. Africa 1.4.3. America 1.4.4. Asia 1.5. International Trade 1.6. The British Post Office as a Financial and Economic Institution 1.6.1. The Effects on the National Economy of the Post Office as a Government Economic Institution 1.6.2. The Reaction of Post Office Policy on National Efficiency 1.6.3. The International Implications of Britain Having a Different Type of Monetary Transmission System 1.7. The Progress Towards Establishing a British Post Giro SystemChapter Two 2.1. The Economics of British Monetary Transmission Systems 2.1.1. Banking Processes and Costs 2.1.2. Cheque Stamp Duty 2.1.3. Bank Mechanization 2.1.4. Bank Credit Transfers 2.1.5. Trustee Savings Banks 2.1.6. Present Needs 2.2. The Remitter's Administrative Charges 2.2.1. The Cost of Office Overheads 2.2.2. The Hourly Cost of a Senior Executive 2.2.3. The Hourly Cost of a Secretary 2.2.4. The Cost of Visiting Banks and Post Offices 2.2.5. The Cost of Waiting 2.2.6. The Average Cost of Writing a Letter 2.2.7. The Cost of Stationery 2.2.8. The Cost of Postage for 1 Letter 2.2.9. The Total Cost of Preparing and Dispatching 1 Letter 2.3. The Beneficiary's Administrative Charges 2.3.1. The Cost of a Receipt 2.4. Loss Contingency Charges 2.4.1. The Loss of a Bank Cheque 2.4.2. The Loss of a Post Office Savings Bank Warrant 2.4.3. The Loss of a Credit Transfer 2.4.4. The Loss of a Post Office Money Order 2.4.5. The Loss of a Postal Order 2.5. Money Transmission Costs 2.5.1. By Commercial Bank Cheque 2.5.2. By Commercial Bank Credit Transfer 2.5.3. By Post Office Savings Bank Warrant 2.5.4. By Post Office Savings Bank Periodic Payment 2.5.5. By Post Office Money Order 2.5.6. By Postal Order 2.6. Some Examples of the Cost of Operating British Monetary Transmission Systems 2.6.1. Transmission by Bank Cheque 2.6.2. Transmission of £78. 6s. 3d. by Post Office Money Order 2.6.3. Transmission of 5s. 0d. by Postal Order 2.7. Internal Accountancy Charges 2.8. Who Profits by Halting Progress?Chapter Three3. A Typical Comprehensive Giro System: Sweden's Post and Bank Giros 3.1. A General Survey of the Post Giro System 3.1.1. Financial Control 3.1.2. The Commercial, Economic and Social Effects 3.1.3. The Basic Ingredients 3.1.4. The Automation of Monetary Transmission 3.1.5. The Minimization of Form-Filling and Checking 3.1.6. Safe and Cheap Transfers for All 3.1.7. Security 3.1.8. The Post Giro Headquarters 3.1.9. The Swedish International Giro Service 3.1.10. Giro Payment of Salaries and Wages 3.1.11. Interest-Earning Capital Investment Accounts 3.1.12. Post Office Savings Bank Accounts 3.1.13. Other Facilities 3.1.14. Public Relations 3.1.15. How an Application is Made for an Account 3.1.16. Names for Forms 3.1.17. How a Non-Account-Holder Pays in Cash to an Account Holder 3.1.18. How a Giro Account Holder Recipient of a Giro In-Payment Form Can Change It into a Giro Postal Cheque 3.1.19. How Giro Account Holders Transfer Credit Between Each Other 3.1.20. How a Giro Account Holder Arranges Collective Transfers to Other Account Holders 3.1.21. How a Giro Account Holder Makes Payments to Non-Account-Holders 3.1.22.