POST OFFICE SAVINGS' BANK

Westport Times, Volume IV, Issue 725, 18 October 1870, Page 4

POST OFFICE SAVINGS' BANK

I The New Zealand Gazette, of March 25thl

publishes the following regulations fo« th< banks as above newly established at Christ church, Lyttelton, Kaiapoi, Timaru, Akraoi Hokitika, Greymouth, Waimate, Westport and Charleston. 1. Interest at he rate of 4 per cent, pa annum is given on £2OO and under; at th< rate of 3 per cent, per annum on runii under £SOO ; and in the same proportion foi any shorter time on every complete £1 de posited, provided that no interea illowel on more than £SOO. 2. Depositors in the Post Office Saving'i Banks have duvet Government Security foi the prompt repayment of their money. 3. A depositor in any one of the Post Office Banks can continue his deposits at any othei of such Banks, and can withdraw his money at that Post Office Bank which is most convenient to him. 4. The strictest secresy is observed witl 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 yean of age are treated as persons of full age, but minors under seven years of age cannot witb draw their deposits until they have reach* the age of seven. 7. Applications to the Chief Office in eac Province on ttio business of Post Office Sa> uigs Banks, and the replies sent thereto are free front ciarge or postage.