172.These provisions, which replace those for postal and money orders in the 1953 and 1969 Post Office Acts, protect the Post Office company and bankers by limiting liability in certain circumstances (Section 111); allow the Post Office company to make schemes in relation to postal and money orders (Section 112); make provisions for the recoupment of losses on money orders wrongly paid to bankers (Section 113); and set out the treatment of special money orders issued by the Post Office company under an arrangement with a foreign Government or postal administration (Section 114). These provisions only apply to the Post Office company.
Commentary on Sections Part VII Miscellaneous and Supplementary Section 111/112/113/114: Provisions relating to postal and money orders