POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 848, 10 August 1871, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazelle, of March 25th publishes the following regulations for the banks us aboVe newly established at Clniit church, Kaiapoi, Timaru, Akraoi Hokitika, Grey'mdUth, Walinate, Westport and Charleston. 1. Interest at the Irate of' 4 per 'cent, pa annum is given on £2OO arid under ; at thj rate of 8 per cent, per annum on »unu nnder £SOO ; and in the sairte proportion for any shorter time ijrt every complete £1 deposited, provided that tiO interest bo alb*i4 on more than £SOO. . 2. Depositors in tiic Post Office Saving!) Banks have du\>c£ Security ftf the prompt repayment of their m6ney. 3. A depositor in any one of the Post Offict Banks can continuo his deposits at any other of such Banks, and can withdraw his money at that Post Office Bank wjuch is most convenient to him by giving notice of his removal. 4. The strictest sccresy 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 hi. half of minors. Depositors over seven yean of age are treated as persons of full age, hut minors under seven years of age canhot withdraw their deposits until they have reachej the age of seven. 7. Applications to the Chief Office in eaci District ou tlic business of Post Office Sa i ings Banks, and the replies sent thereto art free fro it caarge or postage.