IMPROVED POSITION

Dominion, Volume 21, Issue 260, 3 August 1928, Page 10

IMPROVED POSITION

POST OFFICE SAVINGS BANK

BIG DECREASE IN WITHDRAWALS

The marked improvement In the financial and trading position of the Dominion shown by the recently published banking and trade returns is reflected in the Post Office Savings Bank figures for the quarter ended June 30, 1928, published in last night’s Gazette.

Although the deposits for the quarter were £179,871 less than for the corresponding period of last year, there was a marked decrease in wither wals of nearly £400,000. The excess of withdrawals over deposits during the quarter was £527,002, compared with £745,050 for the corresponding period of last year, a decrease of £218,045. The heaviest excess of withdrawals over deposits was £169,036 in the Auckland postal district. The excess of withdrawals in the Wellington district was £48,827, which was nearly £lO,OOO less than in Dunedin or Hamilton. The detailed figures (shillings and pence omitted) are given in the following table: — ° Excess Excess of

Totals, second 1928 rt "’. 6,928,669 7,455,671 527,002 Totals, second 7,108,540 7,853,591 745,050

DeWith- of dewith- , Postal posits, drawals. posits, drawals. districts. £ £ £ ' £ Auckland : 1,175,989 1,345,020 169,036 Blenheim . 76,581 88,600 — - 12,019 Christch’ch 1,153,795 1,163,891 - ■— 10,096 Dunedin .. 540,588 599,316 - ■■■- 58,727 Gisborne . 100,340 168,061 7,720 Greymouth 78,588 82,102 1 — 3,516 Hamilton . 329,581 388,602 1 - — 59,021 Invercarsill 208,872 228,926 ■ ■ — 20,254 Napier 311,872 349,046 ■ 37,173 Nelson ... 126,723 116,940 9,783 — New Plymouth .. 271,464 319,501 — 48,037 Onmaru .. 110,291 95,503 14,787 — Palmerston North .. 350,670 377,404 — 26,728 Thames .. Timaru .. 119,409 240,880 156,243 234,135 6,745 36,834 Wanganui 272,214 303,513 31,298 Wellington ... • 1.346,7851,395,612 — 48,827 Westport . 41,780 33,189 8,591 ■■ ■ ~ Western Samoa . 8,983 7,202 1,781 ■ ■ Rarotonga 3,450 2,848 ■ 601 —