POST OFFICE SAVINGS' BANK

Westport Times, Volume VII, Issue 1093, 29 July 1873, 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 Cli'isU church, Lyttelton, Kaiapoi, Timaru, Akra<>« Ilokitika, Greymouth, Waimate, 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 gum a 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 ia the Post Office Savingfs Banks have direct Government Security fertile prompt repayment of their money. 4. The strictest seeresy is observed wiih 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 con* venient to Mm by giving notice of liis re« moval. |&. 6. Money may be deposited by or oib'd.? half of minors. Depositors over seven yea> I of age are treated as persons of full age, hik 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 the business of Post Office Sava ngs Banks, and the replies sent thereto are free fron. e.iarge or postage.