POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 857, 5 September 1871, Page 4

POST OFFICE SAVINGS' BANK

The New Zealund Gazette, of March 25th, publishes the following regulations foi the banks as above newly established at Ch'i»t church, Lyttelton, ICaiapoi, Timaru, Akraou Hokitika, Greymouth, Waimate, YVestport and Charleston. 1. Interest at the rate of 4 per cent, per annum is given on £2OO and under j st the rate of 3 per cent, per annum on funis under £SOO ; and in the same proportion for any shorter time on every complete £ I deposited, provided that no interest be allowed on more than £SOO. 2. Depositor? in the Post Office Saviugls Banks have duvet Gjrernment Security for 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 Offlee Bank which is most convenient to him by giving notice of his rs« 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 behalf of minors. Depositors over seven years of age 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 each District on ftc business, of Post Office Sai. ings Banks, md the replies sent thereto are i free iron, c.iarge or postage.