POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 814, 18 May 1871, Page 4

POST OFFICE SAVINGS' BANK

Tlic New Zealand Gazette, of March 25th publishes the following regulations foi the banks as above newly established at Ch' ist church, Lyttelton, Kaiapoi, Timaru, Akraoj Ilokitika, Greymouth, 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 annunr on rums under £SOO ; and in the same proportion for any shorter time on every complete £1 tieposited, provided that no interest be allowed on more than £SOO. 2. Depositors in the Post Office Saving Banks have direct Government Security f< r the prompt repayment of their money. 3. A depositor in any one of the Post Offiee 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 liis removal. 4. The strictest secresy is observed wiih respect to the names of depositors in Post Office Banks, and the amounts of their deposits. 6. Money may be deposited by or on b(. half of minors. Depositors over seven years of ago 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 caeh District ou business of Post Office Sav. ings Banks, and the replies sent thereto are free frort c.iarge or postage.