HOME SAVINGS BANKS.

Dominion, Volume 4, Issue 1168, 1 July 1911, Page 4

HOME SAVINGS BANKS.

REDUCTION IN PRICE. Over a year ago tho Postal Depart ment imported a number of Home Savings Banks—steel safes in miniature— which servo as money-boxes, with this difference: that once deposited tho money can only bo taken out by an official at the Savings bank, who holds the key, Tho money is then counted out in the presence of tho depositor, and is placed to tho credit of his or her account, to bo operated upon thereafter in tho ordinary way. Up to the present*loso of these Homo Savings Banks have been issued in Wellington. Hitherto tho price has been ss. or Gd. a year; now, however, those boxes can bo obtained by depositors upon the payment of ono shilling, a debit of a further sum of two shillings being made to tho Savings Bank account while tho box is in use. Boxes may be obtained in Wellington, To Aro, Courteimy' Place, Wellington South, Palmcrston North, Christchurch, Duuedin, and the Thames. Later it is intended to issue tho boxes at all the principal P.O. banks throughout tho Dominion.