"TAKE CARE OF THE PENCE."
I have read Care of the Pence" your edition of Monday the 15th inst, and while a believer in the old adage "Take cart 'of the pence and the pounds will look after themselves" I cannot refrain from remarking that you have failed to tell all the story. Eve* if the Auckland Savings Bank did allow interest on amounts under £1 at the rate of 41 per cent the humble shilling would take roughly sixteen years to double itself, to reach the sum of £3 7/2 your friend iwuld obviously need the experiences of Rip Van Winkh several times over. The explanation would appear to be that- a certain amount of accrued interest had not been credited at the date of withdrawal. THRIFTY.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19281018.2.26.5
Bibliographic details
Auckland Star, Volume LIX, Issue 247, 18 October 1928, Page 6
Word Count
128"TAKE CARE OF THE PENCE." Auckland Star, Volume LIX, Issue 247, 18 October 1928, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in