POST OFFICE SAVINGS' BANK

Westport Times, Volume VII, Issue 1118, 24 October 1873, Page 4

POST OFFICE SAVINGS' BANK

The New Zealand Gazette, of March 25th, publishes the following regulations fot the banks as above newly established at Christ* church, Lyttelton, Kaiapoi, Timaru, Akrana Hokitika, Greymouth, Waimate, Westport and Charleston. 1. Interest at the 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 fot any shorter time on every complete £1 deposited, provided that no interest be allowed on more than £SOO. 2. Depositors hi the Post Office Savingla Banks have duvet Government Security for the prompt repayment of their money. 4. The strictest secresy is observed with respect to the names of depositors in Post Office Banks, and the amounts of their deposits. 3. A deposits 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 con* venient to him by giving notice of his re« moval. 6. Money may be deposited by or on be* 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 reached the age of seven. 7. Applications to the Chief Office in each District on the business of Post Office Sav. ngs Banks, and the replies sent thereto are free fron. c.iarge or postage.