SAVINGS BANK DEPOSITS

Press, Volume LXX, Issue 21255, 29 August 1934, Page 16

SAVINGS BANK DEPOSITS

FAVOURABLE MARGIN GROWING t STEADY IMPROVEMENT «{ RECENT MONTHS A steady widening of the favourable margin between Post Office Savings Bank deposits and withdrawals has been revealed by the Director-General of the Post and Telegraph Depart, ment, Mr G. McNamara. The figures, which cover the from April, 1931, to July, 1934 areT< follows: Ub

Referring to the use of telephones, Mr McNamara said that the peak load of subscribers was 132,807 in March, 1931. At the present time there were 123,591 subscribers. The month of July last showed the highest gain since December 30 last, but July was the twelfth consecutive month which showed a net gain in subscribers. The increase was spread over the whole Dominion.

Month. 1931. Excess of Excess of deposits, withdrawals. £ p April 176,967 May — 371,758 June — 406,435 July .. — 1.147,880 August .. — 538,282 September — 544,025 October .. — 491,484 November .. — 526,139 December .. — 517,330 1932. January — 413,024 February .. — 439,159 March .. 451,610 April ■— 267,516 May — 523,850 June ~ 372,522 July . t — 197,638 August .. — 113,900 September — 116,212 October .. — 162,343 November ,. __ 338,548 December 1933. January — 309,823 .. 33,411 _ February ». — 89,636 March «. — 244,176 April • • — 44,035 May .. 84,200 June .. 82,454 —• i' July .. 179,530 Z !' August .. 304,761 September .. 224,855 .,' October .. 77,589 , i. November .. 85,021 — :| December .. 36,730 — :! 1934. January .. 213,492 — 1 February ,. 92,483 — ' March .. 273,601 _ j April .. 382,286 _ '' May .. 296,452 — i June .. 332,075 —« ". July .. 495,965 \