POST OFFICE SAVING BANK

Westport Times, Volume IV, Issue 732, 3 November 1870, Page 4

POST OFFICE SAVING BANK

The New Zealand Gazette, of March 25th, publishes the following regulations foi the banks as above newly established at Christ, church, Lyttelton, Kaiapoi, Timaru, Akrao% Hokitika, Greymouth, Waimate, Westport and Charleston. 1. Interest at he rate of 4 per cent, per annum is given on £2OO and under; at the rate of 3 per cent, per annum on fuma under £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no intere* iliowcd on more than £SOO. 2. Depositors in the Post Office Saving's Banks have duvet Government Security for the prompt rej/dymeat of their money. 3. A depositor in any one of the Post Office Banks can continue his deposits at any other of such Bank 6, 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 de6. 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 t*ie business of Post Office Savings Banks, and the replies sent thereto are