POST OFFICE SAVING BANK

Westport Times, Volume IV, Issue 750, 15 December 1870, Page 4

POST OFFICE SAVING BANK

The Few Zealand Gazette, of March 25th| publishes the following regulations foi thf banks as above newly established at Christ! church, Lyttelton, Kaiapoi, Timaru, Akrani Hokitika, Greymouth, Waimate, Westportj and Charleston. 1. Interest at he rate of 4 per cent, pel annum is given on £2OO and under; at thfi rate of 3 per cent, per annum on mini under £SOO ; and in the same proportion fori any shorter time on every complete £1 de?i posited, provided that no interec *llowec| on more than ,£soo'. 2. Depositors in the Post Office Banks have diivct Government Security fori the prompt repayment of their money. 3. A depositor in any one of the Post OfficeBanks can continue his deposits at any other of such Banks, and can withdraw his money] at that Post Office Bank which is most con* venient to him. 4. The strictest secresy is observed witlrespect to the names of depositors in Post Office Banks, and the amounts of their de-' possits. 6. Money may be deposited by or on behalf of minors. Depositors over seven yearsj of age are treated as persons of full age, but minors under seven years of age cannot withdraw their deposits until they have reached 1 the age of seven. 7. Applications to the Chief Office in each Province on t\c business of Post Office Sav. ings Banks, and the replies sent thereto are free frou cnarge or postage.