POST OFFICE SAVINGS' RANK

Westport Times, Volume V, Issue 791, 21 March 1871, Page 4

POST OFFICE SAVINGS' RANK

The New Zealand Gazette, of March 25th publishes the following regulations foi the banks as above newly established at Chiist church, Lyttelton, Kaiapoi, Timaru, Akraoj Hokitika, Greyrnouth, Waimate, Westport and Charleston. 1. Interest at the rate of 4 per cent, pei annum is given on £2OO and under ; at the rate of 3 per cent, per annum on ruffi? under £SOO ; and in the same proportion for any shorter time on every complete £l deposited, provided that no interest be allowed on more than £SOO. 2. Depositors ia the Post Office Banks have duvet 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 money 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 be. half of minors. Depositors over seven years of age are treated as persons of full age, bat 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 tbe business of Post Office Sav. ings Banks, and the replies sent thereto are free fron ciarge or postage.