POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 824, 13 June 1871, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 23th publishes the following regulations foi th e ' banks as above newly established at Clnist church, Lyttelton, Kaiapoi, Timaru, Akran* Hokitika, Greymouth, Waimate, Westport and Charleston. 1. Interest at the rate of 4 per cent. p« annum is given on £2OO and under; at the rate of 3 per cent, per annum on eums under £SOO ; and in the same proportion fo r any shorter time on every complete £\ deposited, provided that no interest be on more than £SOO. 2. Depositors in the Post Office Savinrig Banks have diivct Government Security fit the prompt repayment of their money. " 3. A depositor in any one of the Post OfSce 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 re> moral. 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 k» half of minors. Depositors over seven yeas of ago are treated as persons of full age, hut 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 the business of Post Office Sa\. ings Banks, <ind the replies sent thereto are free froa ciarge or postage.