POST-OFFICE SAVINGS BANKS.

Clutha Leader, Volume VI, Issue 335, 12 March 1880, Page 2

POST-OFFICE SAVINGS BANKS.

The following are the Regulations for' the above Banks : — .; j;->/;oS0 1. Interest at the rate of- 4 to 4J per* cent .per annum ia given ,on ,£2QO and.^ under ; at the rate of 3 to ,4 per cent pcr 1 annum on sums under £500 ; and iri'the:!^ same proportion for any sliorter timepp?^ every complete £1 deposited, provide^, ; that no interest be allowed on more' thaii^*" £500. ■ ". ■ . y.-.-if hi44q ■ 2. Depositors in the Post-office. Savings^.. Banks have direct Government security* 8 ' for the prompt repayment of their money &#•« 3. A Depositor in any one o£ the, Post- r * office Banks may continue his deposit "itt any other of such Banks, and', can witli-^ draw his money at that Post-office- Ba^ik^. which is most convenient to hisilv 4. The strictest secrecy ia observed witK^ respect to the Names- of the Depositors in^f Post-office Banks, and the amounts of their deposits. ' '" '- ; "-'■•■ W'J'/fioo 5. Money may be deposited .by- o'rdo&ul j behalf of minors. Depositors over seven* years of age are treated as persona of will age, but minors under seven yeartt 'ofi-fagea? cannot withdraw their, deposits until, they,; have reached the age of seven. 6. Applications to the Chief ; Offices iii^i each Province on the business of Poster* office Savings Banks, and tha replies sent hereto are free from .charge ( qr postage. ...if