POST OFFICE SAVINGS' BANKS.

Grey River Argus, Volume VI, Issue 387, 7 July 1868, Page 2

POST OFFICE SAVINGS' BANKS.

The JVew Zealand Gazette of March 25th publishes the following regulations for the banks as above newly established at Christchurch, Lyttelton, Kaiapoi, Timaru, Akaroa, Hokitika, Grey month, and Wainiate :■ 1. Interest at the rate of 5 par cent, per annum is given on sums less than L 2 )0 ; at the rate of 4 per cent, pe* annum on sums over L2OO ; and in tht, aame proportion for any shorter time on every complete Ll deposited, provided that no interest Jje allowed on more than LSCO. 2. Depositors in the Post Offico 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, aiul 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 deposits. 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 marriage, and claims payment of the deposits. 6. Money may be deposited by or on bebalf of minors. Depositors over seven years of age are treated as persons of full age, biit minors under seven years 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 Iree from .-hinge *«• nobtago