BRITISH NATIONAL SAVINGS
ALLOWANCE MADE FOR WITHDRAWALS (Special Correspondent N.Z.P.A.) (Rec. 10.30 p.m.) LONDON, Jan. 22. Referring to increased savings banks withdrawals because of savings certificates being cashed. Sir Harold Mackintosh, chairman of the national savings movement, said the target figure of £520,000.000 set for this year made allowance for savings bank withdrawals. although it did not include provision for the cashing of savings certificates and defence bonds. Nevertheless the present reservoir of small savings was £5,500,000,000, which had been accumulating for • the last 20 years, and although the present rate of withdrawals had increased, at 15 per cent., it was still considerably less than after the first world war when it rose to 30 per cent., or in 1939, when it was 20 per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19470123.2.84
Bibliographic details
Press, Volume LXXXIII, Issue 25090, 23 January 1947, Page 6
Word Count
126BRITISH NATIONAL SAVINGS Press, Volume LXXXIII, Issue 25090, 23 January 1947, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Press. 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 Christchurch City Libraries.