| Show r f Yv i y Nf R POSTAL DANKS BANKS OF BRITAIN Their Assets Less Than Their Deposits De Do- va 11 posits But But N Nobody body Worries The fact Is odd The postoffice r savings banks of Great Britain are ti technically Insolvent Their deposits j. j oat o at the end of the year were 1 their a assets Bets only about Nobody worries about a little thing like that hat the gov government I is re re- Of course the discrepancy t rt rose from the high prices s the department department depart depart- ment was forced to pay for national Ji bonds before the Boer war The lowering low low- y yering ering of the rate of interest interest allowed Is an obvious cure The postal banks were authorized in fn 1881 and nearly it was deposited the first year Some later developments are curious By the slip sUp system a sum sum so EO small as two cents can be deposited Deposits can be withdrawn by telegraph School s savings banks are recognized but are not very successful sue suc- owing to the superior attractions attractions attractions of sweets as a medium of In- In vestment A feature of the postal i bank is that through their agency de depositors depositors r can buy small fractional portions por per i of ot government bonds New New York Yort t t- t World W |
