POST-OFFIOE SAYINGS BANKS.

Clutha Leader, Volume VI, Issue 338, 2 April 1880, Page 2

POST-OFFIOE SAYINGS BANKS.

The folio-wing are the Regulations for the above Banks : — 1. Interest at the rate of. 4 to. 4£ : per cent per annum i 3 given, .on £200 and under ; at. the rate of 3 to, 4 per cent per annum on sums under £500; and in the same proportion for any shorter time on' every complete - r £l 'deposited, that no interest be allowed on more than ; £500. " '■••'-' 2. Depositors in the, Post-office, Sayings. Banks have direct Government security for the prompt repayment of their money. 3. A Depositor in any one of the Postoffice Banks may; continue; his ( deposit hi, any other of such Banks,, and can withdraw his money at that Postroffice Bank, which is moat convenient to him. 4. The strictest secrecy is observed' with respect to the Names of the Depositors in .Post-office Banks, and the "amounts of their deposits. •"■■ ' ;•■.'••-.' •• , -■;.-. f" 5. Money may be deposited by. or :on: behalf of .minors. . _DepX)sitors over seven years of : age are treated.as pjerson^.of full age, but minors under seven years ,of age cannot withdraw their deposits until they have reached the age of seven. ' 6. Applications to the Chief Offices in each Province on the business of Postoffice Savings Banks, and ths. replies sent hereto are free from charge or .postage.