COMPULSORY SAYINGS

Press, Volume LXXVIII, Issue 23741, 12 September 1942, Page 6

COMPULSORY SAYINGS

TIMARU SUGGESTION The Timaru National Savings Committee has decided to approach the Government urging the adoption of a scheme for compulsory contributions by all sections of the community, instead of voluntary donations to national savings. At a previous meeting of the committee, a resolution favouring compulsion was passed, and subsequently sent to the Government. The committee suggested that at least half of the overtime earned by wage-earners as a result of war conditions, should be diverted to national savings. A reply received from the Government stated that it would be difficult to differentiate between overtime earned as a result of war conditions and overtime that was not. To the present, contributions had been on a voluntary basis, and the proposed scheme would introduce compulsion on one section of the community. The committee, after hearing the reply to their previous request, decided to write to the 18 centres in New Zealand. informing them of the Timaru Committee|s attitude, and asking for support for their representations to the Government. It was also agreed that an assurance should be given to the Government of the committee’s desire to assist loyally in encouraging the National Savings Movement. The Government will be asked to follow the lead of the Imperial Government, in the institution of compulsory national savings.