POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 882, 2 November 1871, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 25th, publishes the following regulations foi the banks as above newly established at Ch» ist church, Lyttelton, Kuiapoi, Timaru, Akraoa Hokitika, Greymouth, Waimate, Westport and Charleston. 1. Interest at the rate of 4 per cent, prr annum is given on £2OO and under ; at the rate of 3 per cent, per annum on turns under £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no interest be alljwid on more than £SOO. 2. Depositors in the Post Oftee Saving!« Banks have duvet Government Security ft t the prompt re{Atyme<it of their money. 3. A deposit.ir 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 wi;h respect to the names of depositors in Post Office Banks, and the amounts of their deposits. 6. Money may be deposited by or on bi * half 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 readied the age of seven. 7. Applications to the Chief Office in each District on the business of Post Office Sav. ings Banks, ind the replies sent thereto are I free iron charge or postage.