FUNDS FOR WAR

Evening Post, Volume CXXXII, Issue 84, 6 October 1941, Page 6

FUNDS FOR WAR

NATIONAL SAVINGS

£3,100,000 IN A YEAR

Since April 1 of this year* £1,800,000 has been invested in national savings, and investments for the first year-of the scheme will reach £3,100,000, the chairman of the National Savings Committee (Mr.-,T. N. Smallwood) stated in an address last night/ Steady progress in the drive for 250,000 National Savings accounts is also being made, and the number of accounts now opened has reached -the. large total of 227,000, only 23,000 short of the objective. "It1 has ofteh been stated that national savings constitutes for iriarty people their one and only war. effort," Mr. Smallwood saiid, "but it is a war effort worth while, which, though in- J volving sacrifice, can be undertaken by every man, woman, and child. With .this in mind, and the Empire's call for savings, recently endorsed by the Minister of Finance (Mr. Nash) when he said that "every penny possible is want- j ed in the savings-scheme because it is. helpful in financing the war and also in reducing the demand for the limited quantity of goods available, a new phase is to be introduced into the | campaign by allotting to each city and town a national sayings weekly quota" based on a total Dominion annual saving of £5,000,000. t DISTRICT COMMITTEES. "The many already engaged in a practical .,- way in the national sayings campaign are asked, where this has not already been done, to gather round them in each district a live committee composed of those imbued with the desire to serve in a national cause.'' So that each, city or town should know the daily progress in the attaining pf its quota, Mr. Smallwood said it was suggested that each local committee should arrange for the local Post Office flagpole (or other flagpole if in a better display position) to be equipped with a flag and a "money ball." Each Monday morning the "money ball" would start its journey from the foot of the pole, being hauled up the pole each day to a height representing the ratio of-national savings receipts for the day to the weekly quota: When the ball reached the top of the pole, the flag would be broken out and fly for the rest of the week.