Eastern Utah Advocate | 1903-08-13 | Page 7 | Postal Banks of Britain

POSTAL DANKS OF BRITAIN their assets acsa than their de posits cut nobody worries tho the fact la to odd the savings banks of great britain aro are technically insolvent their deposits at the end ot of the sear ear were their assets only about nobody worries about a little i thing 1140 that the government Is ro to of course tho the discrepancy rose from tho the high prices the depart trient was forced to pay to national bones bonas before the boer war aar tho the lowerins lowering ot of the rato rate of interest allowed Is an obvious us cure tho the postal banka 3 were authorized auh prized in 1881 and nearly was deposited tho the first arst yea some later developments are culous dy by tho the slip cyst system a a aarn urn so small as two centa can be deposited deposits can hot b withdrawn by telegraph school savings bank aro are recognized but are not ilot very abo cess ful owing to tho the superior attractions of sweets as a medium of investment yest ment A feature of the postal bank Is that through their agency depositors po can buy huy small fractional por eions of government bonds now world