The new postal-order, which came into force on Thursday, requires
the name of the payee to be filled in by the sender, and cannot be recovered, in case of theft or loss, unless the sender keeps a note of the number of the order, as well as of the amount for which it is taken out. The object is to hinder the very extensive thefts of postal•orders which have taken place,—in short., to prevent their being used as paper-currency intended to be transferred from hand to hand. The words " not negotiable " are printed upon them, in order to warn the receiver that if he does not cash the order himself, but passes it over to another, he may find that be has not paid his debt. Also, the sender may, if he likes, defer the payment for ten days, in order that there may be plenty of time to hear of its safe arrival or of its miscarriage before the time at which it is payable. All these precautions will tell heavily against theft, for they will either make the theft valueless, or lead securely to its exposure and punishment.
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