POST OFFICE SAVINGS' BANKS.

Grey River Argus, Volume VI, Issue 389, 11 July 1868, 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 Christchurch, Lyttelton, Kaiapoi, 'Jimafu, 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 game proportion for any shorter time on every complete Ll deposited, provided that no interest be allowed on more than L5lO. 2. Depositors in the Post Office Savings' Banks havo direct Government security for the prompt repayment of their money. 3. A depositor iv any oue of the Tost Office Banks can continue his deposits at any other of such Banks, and can withdraw his money at that Post Office Bank which ia most convenient to him. 4. The strictest secrecy la observed with respect to the names of depositors in Post Office Banks, and the amounts of their deposits. 5. Married women way deposit money in the Post Office .Havings' Bank, and money so deposited will be repaid to the depositor, unless her husband give 3 notice, in writing, of marriage, aud claims payment of the deposits. 6. Money may be deposited by or on behalf of minors. Depositors over seven years of age arc treated aa persons of full age, but 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 fre« from jlinrge *r postage