PST OFFICE SAVINGS' BANKS.

Westport Times, Volume II, Issue 266, 8 June 1868, Page 4

PST OFFICE SAVINGS' BANKS.

The New Zealand Gazette, of March 25th, publishes tlte following regulations for the banks as above newly established at Christchurch, Lyttelton, Kaiapoi, Timarn, Akaroa, Hokitika, Greymouth, WaiEoate, Westport! and Charleston. 1. Interest at the rate of 6 per cent, per annum is given on sums leea than £2OO ; at the rate of 4, per cent, per annum on* sumi over £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that "no interest be allowed on more than £SOO. 2. Depositors in the Post Office Savings Banks hare direct Government Security foi the prompt repayment ol ihefc money. j 3. A depositor in any 0.-.e of the Post Office Banks can continue hia deposits at any other of such Banks, and can withdraw his money at that Post Office Banli which is most convenient t© him. 4. The strictest secresy is observed with respect to the names of depositors in Post Office Banks, and the amounts of their depossits. 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 fee business of Post Office Savings Banks, and the replieG sent thereto are free from cnarge or postage.