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Show " 'aaal POSTAL DANKS OF BRITAIN. H Their Assets Less Than Their Do- pocits, Out Nobody Worries. Tho fact Is odd: Tho postofllce H savings bankB of Great Britain aro H technically Insolvent. Their deposits at tho end of tho year wero S700.000,- 000, their assets only about G70,000,- H 000. Nobody worries about a llttlo H thing llko that; tho government Is re- H sponsible. Of course tho discrepancy rose from the high prices tho depart- H ment was forced to pay for national H bonds beforo tho Boer war. Tho low- erlng of tho rate of Interest allowed Is an obvious cure. Tho postal banks jH wero authorized In 1881 and nearly $10,000,000 was deposited tho first H year. Somo later developments are curious. By the "slip" system a sum jH so small as two cents can bo j deposited. Deposits can bo wlthdrnvn by telegraph. School savings banks JH aro recognized, but aro not vory sue- ' cessful, owing to the superior attrac jH tlons of sweets as a medium of In- jH vestment. A feature of tho postal bank Is that, through their agency, do- jH posltors can buy small fractional por- H tlons of government bonds. Now York !H World. |