POST OFFICE SAVING BANK

Westport Times, Volume IV, Issue 745, 3 December 1870, Page 4

POST OFFICE SAVING BANK

The New Zealand. Gazette, of March '2sth;,, publishes the following regulations' fof thp banks as above newly established at' Christ, church, Ly ttelton, Kaiapoi, Timaru t Akrao» Hokitika, Greymquth, Waimate, Westport and Charleston. 1. Interest, at he rate of 4 per c'epi.'per annum is given on £2OO and under; at' the' rate of 8 per cent, per annum on euros under -6500 ; and in the same proportion for any shorter time on every compete £1 deposited, provided that no intere'» ' * Slowed on more than .£SOO. 2. Depositors in the Post Office Saving a Banks: have duvet Security for the prompt repayment of their money. 3. A; in any one of the Post Office Banks can continue his deposits at any other' of such Banks, and can withdraw his money at that Post Office Bank which is most convenient to hiuj. 4. The strictest secresy is observed wtyl respect to the names of depositors in" Post Office Banks, and the amounts of their depossits. ti 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 with- ! draw 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.