Regulation 37 (1) The liability of the Trust in respect of payments made to a pensioner or beneficiary through a bank account designated by the pensioner or beneficiary, or posting of a registered letter containing an instrument of payment to an address stated on an application form is equivalent to the delivery of the instrument to the person to whom the letter was addressed. (2) Where a person does not acknowledge receipt of payment, the Director-General may on receipt of a duly executed indemnity to the Trust, issue a duplicate acknowledgement of payment.