POST OFFICE SAVINGS BANKS.
The following are the regulations for the above Banks : — J. Interest at the rate of 4k per cent, per aunum is given on £200 and under j at the rate of 4 per CL>nt. per annum on sums under £500 ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no iuterest be allowed on more than £500. 2. Depositors in the Post-office Savings Banks have direct Government security for the prompt payment of their mone}'. 3. A depositor in any one of the Postoffice Banks may continue his deposit in any other of such Bank?, and can withdraw his money a$ that Post-office Buik which is most convenient to him, 4. The strictest secrecy is observed with respect to the Names of the Depositors in Post-office Banks, aud the amounts of their deposits. 5. Money may be deposited by or on behalf of minora. Depositors over seven years of age are treated as persons of full age, but minors under seven years of age cannot withr draw their deposits until they have reached the age of seven. 6. Applications to the Chief Offices in each Province on the business of Post-office Savings Banks, and the replies sent thereto are free from charge or poßtage.
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https://paperspast.natlib.govt.nz/newspapers/BH18860615.2.26
Bibliographic details
Bruce Herald, Volume XVII, Issue 1758, 15 June 1886, Page 4
Word Count
215POST OFFICE SAVINGS BANKS. Bruce Herald, Volume XVII, Issue 1758, 15 June 1886, Page 4
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