POST-OFFICE SAVINGS BANKS.

Clutha Leader, Volume VI, Issue 339, 9 April 1880, Page 2

POST-OFFICE SAVINGS BANKS.

: The following are the Regulations for the above Banks : — 1. Interest at the rate of 4' to '4% per cent per annum is given on £200 and under ;.,at the rate of. 3 tp .4 per- cent per annum on sums xinder £500 ; and in the same proportion .for any, shorter, .time .on--every .complete -.£lf deposited, provided that no interest be allowed on more than £500. „.- .-;.. „.•;. „;.-.'i.v ■- 5:..-7/ ■■• '-..•s=;- "■•- 2. Depositors in the P,pst-office -Savings.' Banks have direct Government security for the prompt repayniont of jtheir. money. 3. A Depositor in any one of the Postoffice Banks may continue his deposit in any- other 'of such Banks', and can with-' draw his -money -.at that Post-office: Bank; , which is most convenient to him. .4. The strictest secrecy is;pbseryed;with respect to the Names of the Depositors in • Post-office 1 ' Banks, : ahd the aniountia of their deposits. '•....■:*. !5. Money may be deposited by or on behalfe of • s minors. over seve'ii' yearsriof ,-age ai.e, treated as ; persons of; full age, but minors, undersevenyearsiof ago 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 1 Savings Banks, and "ths' replies sent hereto are free from charge or postage. 1