DEPOSITS INCREASE.
POST OFFICE SAVINGS BANK.
EXCESS OVER WITHDRAWALS
(Per Press Association.J DUNEDIN, This Day
The figures of the Post Office Savings Bank for'the year 1937 shows an Increase in the number of accounts withdrawn, but this is more than, counterbalanced by heavier deposits, which show a rise of £361,003 on those of 1936 to £2,498,018.
The excess of deposits over withdrawals at £257,662 shows an advance of 100 per cent, on the 1936 returns. The average amount at the credit of depositors for 1937 amounted to £77 6s Id, an increase of £1 16s 5d over that of 1936. The number of new accounts rose by 764 to 7444, The number of accounts open at December 31 was 66,215, against 64,398 for 1936. The credit balance at December 31 w T as cpmpared with £4,861,015 for the previous year.
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Bibliographic details
Ashburton Guardian, Volume 58, Issue 85, 20 January 1938, Page 4
Word Count
140DEPOSITS INCREASE. Ashburton Guardian, Volume 58, Issue 85, 20 January 1938, Page 4
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