POST OFFICE SAVINGS' BANK

Westport Times, Volume IV, Issue 688, 23 July 1870, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand. Gazette, of March 25th, C publishes the following regulations foi the ® banks as above newly established at Ch'ist, i church, Lyttelton, Kaiapoi, Timaru, Akraoa ?! Hokitika, Groymoutli, VVaimate, Westport " and Charleston. 1. Interest at he rate of 4 per cent, per I' f annum is given on £2OO and under ; at the pS rate of 3 per cent, per annum on cuius Ilk under £SOO ; and in the same proportion for H any shorter time on every complete £ I de- if posited, provided that no interes i flowed on more than £SOO. R 2. Depositors in the Post Office Savings Banks have direct Government Security for p. the prompt repayment of their money. §F_' 3. A depositor in any one of the Post Office I ■ Banks can continue his deposits at any other I" | of such Banks, and can withdraw his money (J at that Post Office Bank which is most convenient to him. 4. The strictest secresy is observed witl Sh respect to the names of depositors in Post' (>flice Banks, and the amounts of their dcpossits. 6. Money may be deposited by or on be half of minors. Depositors over seven years 11 - of age are treated as persons of full age, butHminors under seven years of age cannot with-Ifu draw their deposits until they have reached H the age of seven. H. 7. Applications to the Chief Office in each If e] Province on tfic business of Post Office SawH ings Banks, and the replies sent thereto ani free froa cnarge or postage. jnp