POST OFFICE SAVINGS BANKS.

Pahiatua Star and Eketahuna Advertiser, Volume 4, Issue 366, 24 January 1890, Page 4

POST OFFICE SAVINGS BANKS.

The following are the regulations for the above Bank :

1. Interest at the rate of 4J per cent, per annum is given on L2OO and under ; at the rate of 4 per cent, per annum on sums under 1.500 ; and in the same proportion for any shorter time on every complete LI deposited, provided that no -interest be allowed on moro than LSOO-

2. Depositors in the Post-Office Savings Banks have direct Government security for the prompt payment of their money. 3. A depositor in any one of the Post office Banks may continue his deposit in any other of such Banks, and can withdraw his money at that Post-office Bank which is most convenience to him.

4. The strictest secrecy is observed with respect to the Names of the Depositors in Post-office Banks, and the amounts ot their deposits. 5. Money may be deposited by or on behalf of minors. Depositors over seven years of age are treated as persons 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 the replies sent thereto are free from charge or postage.