SCARED SAVERS
Mainly because of war scares and yarns about "capital conscription" spread by people who should know better, remarks the "Sydney Bulletin," there was a fall of £9,677,000 in savings bank deposits throughout Australia between April 30 and June 30 this year. Subscription to war loans and war-savings certificates also had something to do with the movement, but the large growth in the note issue held by the public during the same period indicates that "scare" had a good deal to answer for. The jitters period has passed now, and the note issue has ceased to bulge. In April total savings bank deposits. were £246,675,000. At June 30 they stood at £236.998,000.
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https://paperspast.natlib.govt.nz/newspapers/EP19400826.2.111.10
Bibliographic details
Evening Post, Volume CXXIX, Issue 49, 26 August 1940, Page 10
Word Count
113SCARED SAVERS Evening Post, Volume CXXIX, Issue 49, 26 August 1940, Page 10
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