CHEQUE SYSTEM EXTENDED
Trustee Savings Bank Regulations
(New Zealand Press Association) WELLINGTON, August 8.
Two regulations gazetted last week are designed to bring trustee savings banks into line with the Post Office Savings Bank cheque system. One regulation authorises withdrawals of money from trustee savings banks (except the Waikato Savings Bank) by non-profit-making institutions by means of cheques or other approved orders. The other regulation allows payment of interest at 1 per cent on amounts withdrawn from trustee savings banks investment accounts within three months after the date of deposit.
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Bibliographic details
Press, Volume XCIX, Issue 29278, 9 August 1960, Page 19
Word Count
90CHEQUE SYSTEM EXTENDED Press, Volume XCIX, Issue 29278, 9 August 1960, Page 19
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