POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 774, 9 February 1871, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 25th publishes the following regulations foi th e banks as above newly established at Christ, church, Lyttelton, Kaiapoi, Timaru, Akrsoi Hokitika, Greymouth, Waimate, Westpon and Charleston. 1. Interest at the rate of 4 per cent. p el annum on £2OO and under ; at the rate of 8 per cent, per annum on cutm under £SOO ; and in the same proportion fa any shorter time on every complete £\ & posited, provided that no interest be albwej on more than £SOO. 2. Depositors hi the Post Office Savingh Banks have dix-jct Government Security f ( , the prompt repayment of their money. 3. A depositor in any one of the Post Office Banks can continue his deposits at any other of such Banks, and can withdraw his mone; at that Post Office Bank which is most convenient to him by giving notice of his removal. 4. The strictest secresy is observed with respect to the names of depositors in Post Office Banks, and the amounts of their deposits. 6. Money may be deposited by or on Inhalf of minors. Depositors over seven years of age are treated as persons of full age, H 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 eaci District on fto business of Post Office Say. ings Banks, and the replies sent thereto art fiee fron. ciarge or postage.