NATIONAL SAVINGS.
Remarkable Increase Recorded In Britain. SMALL INVESTORS' THRIFT. (British Official Wireless.) RUGBY, June 13. A remarkable increase in the amount of savings of all kinds by smalt investors was revealed at the National Savings Assembly at Blackpool. Major-General J. E. B. Seeley, chairman of the National Savings Committee, stated that in 1911 the total of small savings amounted to £4)92,000,000, or £12 per head of the population. In 1916, when the national savings movement first came into being with the formation of the National War Savings Committee, the total of small savings increased to £687,000,000, an average of £16 per head. In the five years from 1916 to 1921 the figures had doubled, reaching £1,418,000,000, or £33 per head of the population. By the end of the 1931 period the total of small savings had risen to the amazing iiguro of £2,244,000,000, or £50 per head.
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Auckland Star, Volume LXIII, Issue 139, 14 June 1932, Page 7
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148NATIONAL SAVINGS. Auckland Star, Volume LXIII, Issue 139, 14 June 1932, Page 7
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