Regulation 5

The Purchaser shall pay in the stakeholding money by cashier’s order through such branch of a bank, into such bank accounts and using such stakeholding deposit slips as may be specified by the Academy.

The validation mark of the branch of the bank on the stakeholding deposit slip showing the exact sum of money actually paid in shall, as between the Purchaser and Vendor, be sufficient evidence of receipt for the stakeholding payment.