The Weekly Times. “Nullius addictus jurare in verba magistri." MONDAY, 1st APRIL, 1867. POST OFFICE SAVINGS BANK.

Hawke's Bay Weekly Times, Volume 1, Issue 13, 1 April 1867, Page 75

The Weekly Times. “ Nullius addictus jurare in verba magistri." MONDAY, Ist APRIL, 1867. POST OFFICE SAVINGS BANK.

Taedy as our Government has been in the matter of the establishment - of these Savings Banks throughout the Colony, we are glad to find that a movement in the right direction has at length been made, and that a branch of the said . Post Office Savings Bank will’ he opened this day, Monday, Ist. ApriL, v , ;/ . ‘

Perhaps no movement for the en-. eburagement of habits of thrift and economy amongst. the working classes of Great Britain has s been more suc !; cessM than that of the Post Office Savings Bank; We have"not' at hand just now the detailed statistics to refer to, but we have no hesitation in saying that, from the simplicity of the system, the ; -undoubted security of the. funds, the''ease with which deposits and withdrawals are made, and the sound basis on which it is -established, no scheme has found more , favor with that class it was especially deigned to benefit than it has . done, ..and certainly no banking establishment has ever com* pared with it for the rapidity which has characterised its growth until it has becornb one of the first banking concerns of thb khigdbni.. ;r .- ; ... •

.Tllewii less pi;op9rtionate degree of success.for it here than at -home ; 4 but the Government will J iaVe'to' make'^the 8 details ov its working principles plairL tb the understanding. of the public. This being be r entertained for the success of the institution. * 1

Since the; above ;was ! 'in: type, \ve have .received, trough' the cour ( teSy ; of ■ the Chief Postmaster here, thefollow; ing r noiice .issued by Government;and which wehave mhch public :t—- ---’. % Interest at the rate of's per cent, per annum iS'givenJOtt’ BUms le33'4litei i62<)6; at the rate of 4 per .cenfoper annum >oa»sums over £200; dad in the-same proportions for any. shorter time on every complete ,< £l, deposited, provided that noninterest Oft .allowed lOn.more .than £600; ; li, Peppsitprfl in the Post Office Savings Banks nave: direct ~Government; security r for.the prompt jif their money. f .; ■ in any, one of-the-Post Office his deposits at any other of such, banks,,, and can his. money; at that Post Office Bank which-is most ctoyenienito him : 17- The strictest’ secrecy is observed with respecji to the names of, depositors in, Post Office Baab,andthe amounts of their deposits. * Y- parried wonjien may deposit money in the Office Sayings Bank, and money so. deposited tou he riepaid'to the depositor, unless her husband gives notice, in writing, of marriage, and Wlnimq payment of their deposits. : - ■ • VI. Money niay .be deposited by or On behalf of minors. Depositors over- seven : years of age : are treated as persons'-of full iage, -but minors under seven years of age cannot withdraw" their deposits Until after they? have.reached,the : age; of seven. 1;- Applications; to the chief office in each Province on the business of Post Office Banks, and the replies sent thereto, are free from charge for postage.