HABIT OF THRIFT
Remarkable Increase In British Savings AVERAGE, £5O A HEAD (Rec. June 18, U.S p-ta.). Official wireless. Rugby, June 11. A remarkable increase in the amount of savings of all kinds by small investors was revealed at the National Savings Assembly at Blackpool. General Seeley, chairman of the National Savings Committee, stated that in 1911 the total small savings amounted to £492,000,000, or £l2 per head of the population. In 1916, when the national savings movement first came into being with the formation of the National War Savings Committee, the total small savings had increased to £687,000,000, an average of £l6 per head.
In the five years from 1916 to 1921 the figures were doubled, reaching £1.418,000,000, or £33 per head of population. By the end of 1931, in spite of the difficult period, the total small savings had risen to the amazing figure of £2,244,000,000, or £5O per head.
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Bibliographic details
Dominion, Volume 25, Issue 221, 14 June 1932, Page 9
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152HABIT OF THRIFT Dominion, Volume 25, Issue 221, 14 June 1932, Page 9
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