POST OFFICE DEPOSITS.
THE RATE OF INTEREST. (Per United Press Association.) WELLINGTON, October 21. It is officially announced that the recent amendment to the Post Office Act in the direction of making provisions for the acceptance ,of deposits for fixed periods bearing interest at a rate which may not exceed a certain maximum named must not be regarded as indicative of tne Government’s intention to introduce the system immediately. It must be understood that the amount of interest which may be paid is not at all likely-to reach the maximum provided by the Act. This notification made to remove the impression that the maximum limit of interest payable under the Act is the rate likely to be paid by the Government.
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https://paperspast.natlib.govt.nz/newspapers/WH19151021.2.52
Bibliographic details
Wanganui Herald, Volume L, Issue 14741, 21 October 1915, Page 7
Word Count
121POST OFFICE DEPOSITS. Wanganui Herald, Volume L, Issue 14741, 21 October 1915, Page 7
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