HOME SAVINGS-BANK.

Dominion, Volume 6, Issue 1810, 24 July 1913, Page 6

HOME SAVINGS-BANK.

THE SCHEME GAINING GROUND. The system of issuing homo saving? banks coiiimenexd at Wellington vember 19, 1908. A supply ol banks was next tent to Dun.<din en .March 11, 1910, t and now (hoy are obtainable at somo 85 offices. The number of home savings banks at present- ill circulation is esti-' niatUl at 25,000. In tho Wellington dis«i trict about 750 wsre issued during tho, March quarter, 1912, while for tho corro- : sponding period of 1913,' 1130 were takeni by the public. At tho Wellington Chief; Offico 190 ukre issued during tho first quarter, 1912, whereas the figures for 1913 were 417.

Wo learn from the Postmaster-General that tlio idea of saving money by micans of homo safes appears to bo gaining ground throughout the dominion, as shown by the* number of safes issued from all offices during the March quarter, 1912 and 1913, this figures Uing 4000 and 1000 respectively. \ Tlio homo safe is a> small and ■substaujt tuilly-made steel safe, with an ingenious" ■slot' arrangement, which readily permits of the deposit of all sizes of coin, but prewnts its removal oxccyt at the bank,; Safes will Up issued to any depositor applying for diem upon payment of one shilling, a debit of a further sum of two shillings being made to the Savings Bank . account while the safe is in use, 111 consideration of the issue to a depositor of a safe, it is expected that lie will deposit ' his savings with the Savings Bank not less frequently than once a month. Should a depositor wish, he may at any lime return a safe. If it is in good order tte debit of two shillings to his account will bo reI'jased. If not, or ho closes his account) without returning the safe, the two shillings irilJ he collected and retained.