POST-OFFICE SAVINGS. BANKS.
The followiug are the Regulations for the above Banks : — 1. Interest at the rate of 4 to 4i per cent per annum is given on £200 and under ; at the rate of 3 to 4 per'pent'per amium on sums under £500 ; and in the same proportion for any 'shorter time on every comr/lete £1 deposited, .'provided -■ that no interest be allowed on more than £500. 2. Depositors in the Post-office Saying3 Banks have direct Government security for the prompt repayment of their money. 3. A Depositor in any one of the Post- ' office Bank's may continue his deposits at any other of such Banks, and can with- ! draw hi3 money at that Post-office Bank which is most convenient to him. • 4. The strictest secrecy is observed with respect to the Names of the Depositors in , > ' Post-office Banks, and tho amounts of their deposits. . 5. Money may be deposited . by or: on behalf of minors. Depositors oyer seven. | years of age are treated as persons of full age, but minors under seven years " ] of ■' age cannot "withdraw their deposits until they have reached the age of seven.. ... •; 6. Applications to the Chief Offices in each Province ;pn- the business of Postoffice Sayings .Banks; and the replies sent thereto are free from charge or postage.
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Bibliographic details
Clutha Leader, Volume IV, Issue 204, 7 June 1878, Page 2
Word Count
216POST-OFFICE SAVINGS. BANKS. Clutha Leader, Volume IV, Issue 204, 7 June 1878, Page 2
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