POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 853, 24 August 1871, Page 4

POST OFFICE SAVINGS' BANK

~xv The New Zealand Gazette, of March 25th publishes the following regulations foi the banks as above newly established at Christ church, Lyttelton, Kaiapoi, Timai-u, Akraoa Hokitika, Greymouth, Waimate, Westport and Charleston. ■ 1. Interest at the rate of 4 per cent, per annum is given on' £2OO and under j at the rate of 8 per cent, per annum on sums under £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no interest be allowed on more than .£SOO. 2. Depositors in the Post Office Savineli Banks have direct Government Securitv 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 othei of such Banks, and can withdraw his money at that Post Office Bank which is most convenient to hyn by giving notice of his removal. 4. The strictest secresy is observed with respect to the names of depositors in Post trace Banks, and the amounts of their deposits. 6 Money may be deposited by or on benalt ot minors. Depositors over seven years ot age are treated as persons of full age but minors under seven years'of age cannot withdraw their deposits until they hav« reached the age of seven. 7. Applications to the Chief Office in each Distnct on the business of Post Office Saw ings Banks, and the replies sent thereto are i &ee f ron caarge or postage.,