SITUATED IN HARRODS’ ROYAL EXCHANGE.
CURRENT ACCOUNTS—Current Accounts are opened for Shareholders and Customers or friends introduced by them.
Interest at the rate of 2½ per cent. per annum free of Income Tax is allowed upon the minimum monthly balance, provided it is not under £20, and such interest is credited annually in the first week in January.
No Commission charged for keeping Accounts, but the opening lodgment must not be under £20, nor the minimum balance less than £10.
Cheques are made up in books of 30, 60, 100, and 120, and will be charged to clients at the actual cost of stamps—viz.:— 2/6, 5/0, 8/4, and 10/- respectively.
Pass Books will be made up weekly or otherwise to suit clients, but in all cases should be returned every quarter-day for comparison with the Ledgers.
DEPOSIT ACCOUNTS.—Money is received on deposit in sums of not less than £5, nor more than £300, subject to seven days’ notice of withdrawal.
Interest free of Income Tax is allowed from date of deposit to date upon which withdrawal notice expires, and is paid half-yearly—viz., 30th June and 31st December.
The Directors reserve to themselves the power to return deposits or change the rate of interest upon giving one month’s notice.
Any change of address should be notified to the Manager of the Banking Department to ensure the interest being remitted direct.