POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 777, 16 February 1871, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 23th publishes the following regulations foi the banks as above newly established at Clnistchurch, Lyttelton, Kaiapoi, Timaru, Akram Hokitika, Greymouth, Waimate, Westport and Charleston.

1. Interest at the rate of 4 per cent. p ei annum is'given on £2OO and under ; at the rate of 3 per cent, per annum on itvaa under £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no interest be allowed on more than £SOO.

2. Depositors in the Post Office Savings Banks have duvet Government Security fa the prompt repayment of their money. 3. A depositor in any one of the Post Offics Banks can continue his deposits at any othet of such Banks, and can withdraw his monej at that Post Office Bank which is most convenient to him by giving notice of his removal.

4. The strictest secresy is observed wist respect to the names of depositors in Post Office Banks, and the amounts of their deposits.

6. Money may be deposited by or on be, half of minors. Depositors over seven yeart 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 District on business of Post Office Sav. ings Banks, md the replies sent thereto ut free fron caarge or postage.