POST OFFICE SAVINGS' BANK

Westport Times, Volume V, Issue 834, 6 July 1871, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 25t!i publishes the following regulations foi the banks as above newly established at Chi iit church, Lyttelton, Kaiapoi, Timaru, Akram Hokitika, Grey mouth, Waimate, Westport and Charleston. 1. Interest at the rate of 4 per cent. p fr annum is given on £2OO and under ; at the rate of- 3 per cent, per annum 'on buihs under £SOO ; and in the same proportion for any shorter time on every complete £1 deposited, provided that no interest be alLwid on more than £SOO. 2. Depositors in the Post Office Savings Banks have duvet Government Security fir 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 by giving notice of his removal. 4. The strictest secresy is observed with respect to the names of depositors in Post Office Banks, and the amounts of their deposits. 6. Money may be deposited by or on I*. half of minors. Depositors ovor seven years of age are treated as persons of full age, but minors under seven years of age cannot with, draw their deposits until they have reaclisf the age of seven.' 7. Applications to the Chief Office in each District on t\ie business of Post Office Sin. ings Banks, and the replies sent thereto are ! free fron. cnarge or postage.