SAVINGS WEEK

Press, Volume CI, Issue 29938, 27 September 1962, Page 12

SAVINGS WEEK

Final Plans For Campaign The ChrisKchurch Savings Committee was complimented by the Minister of Finance <Mr Lake) on its work for Savings Week in Chri£ichurch, in a letter received when the committee met yesterday. “I can assure you that the Government appreciates the value and importance of the work you are doing, and is most grateful for your assistance," said Mr Lake. “There can be no doubt that if we succeed in budding up the flow of savings, we shall have made a big step forward in safeguarding our future economic well-being, and in making New Zealand an even better country to live in," he said. Final details of publicity and organisation for Savings Week—from October 1 to 6 were discussed at the meeting. “We can expect a good newspaper coverage in Christchurch," said the chairman. Sir James Hay. “I will be surprised if any other city meets it." Various window displays in city stores, featuring Savings Week, would be televised, and the films shown on Tuesday, October 2, reported Mr C. H. Cook, of the New Zealand Broadcasting Corporation. A television interview with Sir Bernard Ashwin, a former Secretary of the Treasury, might also be arranged when he visited Christchurch on October 4 “if we can find someone competent to extract the right information from him," Mr Cook said. Savings Week Slogan The slogan, "Save Regularly to Spend Wisely," had been adopted for Savings Week, said Sir James Hay. This explained that Savings Week was not a campaign to stop spending, and indicated that support should be given to all those financial institutions, including the Post Office Savings Bank and the trustee savings banks, where the savings of the people were accumulated, and used for the common good. “If anybody has an idea of starting a life-insurance policy. Savings Week must impress on him that now is the time to do it," said S r James Hay. “His money is Ploughed back into Government loans, local-body loans, and so on." From October 1, a new type of savings account would be introduced by the Post Office and trustee savings banks, said Sir James Hay. Up to five special purpose accounts would be permitted —such as a “car purchase aca “paint-the-house account," a “television account," and so on. ‘These accounts have been very popular overseas, and are likely to be so here,” he An invitation list for the luncheon on October 4 to be addressed by Sir Bernard Ashwin, and being organised by the committee, was approved The committee will meet again on October 10,