The post office and its story an interesting account of the activities of a great government department
Edward Bennett137Here, therefore, we have a People's Bank actually established in our midst, and the best excuse of the improvident no longer exists. During the fifty years of its existence, remarkable developments have taken place in the working of the Post Office Savings Bank. The facilities for the public have been increased enormously, so much so that the old idea of a bank existing simply for the encouragement of thrift has been considerably modified. The ease with which withdrawals can now be made, and the extension in the limits of money which may be deposited annually, have provided the man or woman of small means with most of the advantages to be obtained from the possession of a current account at a private or joint-stock bank. And he obtains one additional advantage, in that on any sum from £1 upwards he obtains 2½ per cent. interest. These increased facilities are looked upon with disfavour by those who consider that the slight difficulties which were for many years placed in the way of those who wished to withdraw money, were created in the interests of the depositors themselves.

