POST OFFICE SAVINGS' BANKS.

Grey River Argus, Volume V, Issue 345, 31 March 1868, Page 2

POST OFFICE SAVINGS' BANKS.

The JVieie Zealand Gazette of March 25tli publishes the following regulations for the banks as above newly established at Christchurch, Lyttelton, Kaiapoi, Timaru, .Akaroa, Hokitika, Greymouth,- 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 20 0; .and in tht, same proportion for any shorter time on every complete LI deposited, provided that no interest be allowed on more than LSCO. 2. Depositors in the Post Office Savings' Banks have direct Government security for the prompt repay meut 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 which is most convenient to him. 4. The strictest secrecy is observed with respect to the names of depositors in Post ! Office Banks, and the amounts of their de- j posits. 5. Married women may deposit money in ' the Post Office Savings' Bank, and money so deposited will be repaid to the depositor, unless her husband gives notice, in writing, of'inarriage, anil claims payment of the deposits. 6. Money may be deposited by or on behalf of minors. Depositors over seven years of age are treated as persons of full age, but minors under seven yesirs of age cannot withdraw their deposits until they have reached the age of seven. 7. Applications to the Chief Office in each Province on the business of Post Office Savings' Banks, and the replies sent thereto, are free from charge or postage.