POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 833, 4 July 1871, Page 4

POST OFFICE SAVINGS' BANK

The Neio Zealand Gazette, of March 25th publishes the following regulations foi the banks as above newly established at Christ church, Lytteltoh, Kaiapoi, Timaru, Akran* Hokitika, Greymouth, Waimate, Westport and Charleston. 1. Interest at the rate of 4 per cent, per annum is given on £2OO and under ; at the rate of 3 per cent, per annum on : cunis under £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no interest be allowtd 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 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 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 M half of minors. Depositors over seven yeas of age are freated as persons of full age, boll 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 t\o business of Post Office Sal ings Banks, and the replies sent thereto are free fron. caarge or postage.