POST OFFICE SAVINGS BANK.
The regulation now in force in regard to withdrawals from the Post Office Savings Bank, under which withdrawals on any one day, except when seven days’ notice is given, are limited to two pounds, was referred to in the House on Thursday by Mr Russell (Avon). He said that it was a wise act to inno-lace the regulation when it was brought into iorce, but he thought the rule might now be relaxed. Mr Witty (Riccarton) suggested that withdrawals up to £5 be allowed without notice. The Postmaster-General (Hon. R. H. Rhodes) said that he proposed to review the position next week. Matters in connection with Post Office Savings Bank were now nearly back to normal. The withdrawals during r— first two weeks in August were very heavy, and this fact fully justified the restriction that had been adopted. Deposits, however, were now being made more freely, and he hoped that next week it would be possible to remove the restriction upon withdrawals.
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https://paperspast.natlib.govt.nz/newspapers/MH19140912.2.18
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Manawatu Herald, Volume XXXVI, Issue 1296, 12 September 1914, Page 3
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167POST OFFICE SAVINGS BANK. Manawatu Herald, Volume XXXVI, Issue 1296, 12 September 1914, Page 3
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