POST OFFICE SAVINGS' BANK

Westport Times, Volume VII, Issue 1063, 15 April 1873, Page 4

POST OFFICE SAVINGS' BANK

The IVeio Zealand Gazelle, of March 25th, publishes the following regulations foi the banks as above newly established at Christ* church, Lyttelton, Kaiapoi, Tiniaru, Akrunu Hokitika, Grey mouth, Waimate, Westport and Charleston. 1. Interest at the rate of 4 per cent, per annum is given on £2OO and under ; at tlid rate of 3 per cent, per annum on sums under £SOO ; and in the same proportion for any shorter time on every complete .£1 deposited, provided that no interest be allowed on more than .£SOO. 2. Depositors i/i the Post OWice Savingls Banks have duvet 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, and 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 liiin 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 eaeke* District on the business of Post Office SavSv ngs Banks, and the replies sent thereto aro free fron.. c.iarge or postage.