POST OFFICE SAYINGS'BANKS.

Southland Times, Issue 1278, 12 July 1870, Page 2

POST OFFICE SAYINGS' BANKS.

The following are the regulations for the above ..baofa:— „. ... '■;,,.■.,...-■•.;: ; 1. Interest at the rate of 4 per cent, per annum is given. on £200 and under; at the rate of 3 per cent, per annum on sums under £500 ; and in the same proportion for any shorter time on 'every complete £1 deposited, provided that no interest be* allowed on more than £500. • - -~2~, Depositor? in -the Post Office Savings' Banks have direct Government security : for the prompt repayment of, their .money. 8. A Deposi^JiTin 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 whfch' is most convenient to him. •' • : -"-' ••■ « -' -^ ■■'-- ■ 4. The strictest aecresyls observed with respect to the namWof depositors in Post Office Banks, ; and the amounts of their 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 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 free from charge or postage.