POST OFFICE SAVINGS' BANK

Westport Times, Volume IV, Issue 697, 13 August 1870, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 25th, publishes the following regulations foi the banks as above newly established at Oh' ist church, Lyttelton, Kaiapoi, Timaru, Akraoa Hokitika, Greymouth, Waimate, Westport and Charleston. 1. Interest at he rate of 4 per cent, per annum is given on £2OO and under ; at the rate of 3 per cent, per annum on sums under £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no interes , Rowed on more than £SOO. 2. Depositors in the Post Office Saving s Banks have duvet Government Security for the prompt repayment of their money. 3. A depositor in any one of the Post Office Banks can continue his deposits at any other of such Banks, and can withdraw his money at that Post Office Bank which is most convenient to him. 4. The strictest secresy is observed witl respect to the names of depositors in Post Office Banks, and the amounts of their dcpossits. 6. Money may be deposited by or on lie half 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 readied the age of en. 7. Applications to the Chief Office in each Province on tbe : business of Post Office Sav. ings Banks, and the replies sent thereto are free frou c.iarge or postage.