POST OFFICE SAVINGS' BANKS.

Southland Times, Issue 1300, 29 August 1870, Page 1 (Supplement)

POST OFFICE SAVINGS' BANKS.

The following are the regulations for the above banks :—-..,... . . 1. Interest at ,the [rate of 4 per cent, per . annum is given on £26O i a.n.d under ; at the^rate . of 3 per cent, per annum on' sums under £500 ; , and in the same proportion foi any shorter time on every complete £1 deposited, provided that no interest be allowed on more than £500. ■. " •■- - ■ 2.' Depositors in the Post Office Savings', • Banks have dir,eot Q-overaraent security for the promptrepayment^ftheir money./- _ : i 3. A Depositor in any one of the Post Office i Banks can continue his deposits at any other -, i of Buch Banks, and can withdraw his money: at ■ , that Post Office Bank which is most convenient to him. ' 4. The strictest seeresy is oV served with respect to the names of 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 ag9 of seven. : 7. Applications to the Chief Office in each ' Province on the business of Post Office Savings < i Banks, and the replies sent thereto are free from '. charge or postage.