Democratic Sentinel, Volume 1, Number 34, Rensselaer, Jasper County, 5 October 1877 — English Postal Savings Banks. [ARTICLE]

English Postal Savings Banks.

From the annual report just issued of the operation of the English Postal Savings Bank, we learn that of the 13,447 postoflices in Great Britain only 5,448 do a banking business. The postal savings deposits at the end of 1876 were sllO,000,000, belonging to 1,702,000 depositors. Deposits had increased, while the number of depositors had grown smaller. The expense to the department of each withdrawal and deposit was 12 cents, the surplus over liabilities was $5,500,000, nnd the rate of interest paid 2| per cent.