POST OFFICE SAVINGS' BANKS.

Grey River Argus, Volume IV, Issue 270, 5 October 1867, Page 2

POST OFFICE SAVINGS' BANKS.

The New Zealand Gazette of March 25th publishes the following regulations for the banks as above newly established at Christchiircl), Lyttelton, Kaiapoi, Timaru, Akaroa, Hokitika, Greyrnoutb, and Waimate :- 1. Interest at the rate of 5 per cent, per annum is given on sums less than L2OO ; at the rate of 4 per cent, per annum on sums over L 50 0; and in the. same -proportion for any shorter time on eyery complete LI deposited, provided that no interest be allowed on more $ian LSCO. 2. Depositors in the Post Office Savings' Banks have direct Government security for the prompt repayment of their money. 3. A depositor in any one of the Post Office Banks can continue his deposits at any other of such Banks, and can withdraw his money at that Post Office Bank whichis most convenient to him. 4. The strictest secrecy is. observed with respect tp the names of depositors in Post Offipe Banks, and the amounts of their deposits. 5. Married wpinen may deposit money in the Post Office .Savings' Bank, an/1 money so deposited will be repaid to the depositor unless' her husband gives notice, in writing, of marriage, arid claims payment of the deposits. '. ' ■ 6. Money may lie deposited by or on behalf of niinors. Depositors over seven years of age are treated as persons' of full age, but niinors under seven years of age cannot withdraw their deposits until they have I reached the age of seven. ! 7. Applications to the Chief Office in each Province on the bnsiness of Post Office Savings' Banks, and the replies sent thereto, are free from charge or postage.