POST OFFICE SAVINGS' BANK

Westport Times, Volume VII, Issue 1057, 25 March 1873, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 25th, publishes the following regulations foi die banks as above newly established at Cluist* church, Lyttelton, Kaiapoi, Timafu, Akraon Hokitika, Greymouth, YVaimate, Westport and Charleston. 1. interest at the rate of 4 per cent, per annum. is given on .£2OO and under ; at the rate of 3 per cent, per annum on eums under £SOO ; and in the same proportion tor any shorter time on (ivery pompjete £1 deposited, provided that no interest,be allowed on more than .£SOO. 2.- Depositors m the Post Office Saving's Banks have direct Government Security for the prompt rep.iyaient of .their money. 4. The strictest secresy is observed with respect to the pames of depositors in Post Office Banks, and the amounts of theL'* 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 re' moval. G. 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 have reached the age of seven. 7. Applications to the Chief Office in eat'. District on tbe business of Post Office ngs Banks, and the replies sent thereto ara free fro re caarge or postage.