POST OFFICE SAVINGS' BANK

Westport Times, Volume VI, Issue 1031, 20 December 1872, 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, Kaiapoi, Timaru, Akran* Ilokitika, Gteymouth, Waimate, Westport and Charleston. 1. /.nterest at the rate of 4 per cent, pet annum is given on £2OO and under ; at the rate of 3 per cent, per annum on turns under £SOO ; and ill the same proportion fot any shorter time on every complete £1 deposited, provided that no interest bo alliwtd on more than ±'soo. 2. Depositors /a the Post Otfee Saving!? Banks have duvet Government Security fcj? the prompt repayment of their money. 4. The strictest secresy is observed with respect to the names of depositors in Post Office Banks, and the amounts of their posits. 3. A depositor In any one of the l'ost Office Banks can continuo 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 re* movul. 6. Money may be deposited by or on bo 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 hare reached the age of seven. 7. Applications to the Chief Office in each District on business of Post Office Savngs Banks, and the replies sent thereto arb free froit enarge or postage.