GOVERNMENT SAVINGS BANKS
- AMERICA ADOPTS THE SYSTEM. Though for a great number of years Amenta lias had a system of..;private savings banks operating .throughout her vast dominions, that great country lias not up till the present year adopted tlio 1 ost Oflice' Savings Bank idea. They havo now made a start—a modest start, in the first instance, they decided not to issue pass-books on tho score that it J* on Id fako about 4000 book-keepers to look after them, so they have adopted a ccrtihcato scheme, which lias to bo altered each time tho amount on deposit is added to or reduced, which does not seem to be an improvement on the system ill force, in New Zealand, wlicro tlio amount deposited or withdrawn is shown in separate columns in a pass-book. Only amounts up to 500 dollars are to bo acdeposits aro to bear interest at. tho rate of 2 per cent., struck annually.
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Dominion, Volume 4, Issue 1006, 22 December 1910, Page 9
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155GOVERNMENT SAVINGS BANKS Dominion, Volume 4, Issue 1006, 22 December 1910, Page 9
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