Method of payment

(1) Subject to the provisions of these Regulations the paying officer shall make payment of every order presented (otherwise than through a Bank) when it is properly receipted, if the name of the remitter as furnished by the applicant, is in agreement with the advice, or appears on the order, unless the paying officer has good reason for believing that the applicant is neither the payee nor his agent. (2) A money order payable to a limited liability company, corporation or society shall be completed by the insertion of the name of the company, corporation or society in the receipt space, together with the signature of a responsible officer, such as the secretary, manager, director, treasurer or accountant, and the description of his official position.