POST OFFICE SAVING BANK

Westport Times, Volume IV, Issue 744, 1 December 1870, Page 4

POST OFFICE SAVING BANK

The New Zealand Gazette, of March 25th,f Eublishes the following regulations foil the J anks as above newly established at Christ, J church, Lyttelton, Kaiapoi, Timaru, Akraon 1 Hokitika, Greymouth, Waimate, Westport i and Charleston. 1. Interest at he rate of 4 per cent. pel'l annum is given on £2OO and nnder; at the \ rate of 3 per cent, per annum on turns. : under £500; and in the same proportion for any shorter time on every complete £1 de- J posited, provided that nointere» 4Ho wed j on more'than £SOO. 2. Depositor? id the Post Office Saving a-I Banks have duvet Government Security fori the prompt repayment of. their money. 3. A deposiU/r in any one of the Post Office 1 Banks can continue his deposits at any other of such Banks, and can withdraw his money at that Post Office Bank which is most con-] venient to him. 4. The strictest secresy is observed witl respect to the names of depositors in Post Office Banks, and the amounts of their dcpossits. 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 the business of Post Office Savings Banks, and the replies sent thereto are free fron c.iarge or postage.