POST OFFICE SAVINGS' BANK

Westport Times, Volume VII, Issue 1038, 17 January 1873, Page 4

POST OFFICE SAVINGS' BANK

The A r ew Zealand Gazette, of March 25th, publishes the following regulations foi the banks as above newly established ut Ch'ist church, Ly'tteltori, Kaiapoi, Timaru, Akraoa Hokitika, Greymouth, Waimate, Wcstport and Charleston. 1. Interest 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 cuius under £SOO ; and in the same proportion for any shorter time on every complete £ I deposited, provided that no interest be aUjwtd on more than £SOO. 2. Depositors in the Post Office SavingU Banks have direct Government Security for the prompt repayment of their money. 4. The strictest secresy is observed with respect to the names of depositors in Post Office Banks, aud the amounts of their deposits. 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 Office Bank which is most convenient to him by giving notice of his removal. 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 t\a business of Post Office Savngs Banks, and the replies sent thereto are free fron. caarge or postage.