NATIONAL SAVINGS

Evening Post, Volume CXXXIII, Issue 49, 27 February 1942, Page 6

NATIONAL SAVINGS

The chairman of the New Zealand National Savings Committee, Mr. T N. Smallwood, has announced that receipts up to February 7 totalled £4,389,000, of which £3,067,000 represented receipts for the current financial year.

"While this fulfils the budgetary estimate, of receipts for National Savings,' said Mr. Smallwood. "the calling up of so many men. for service with the armed forces in New Zealand, and a greater demand on shipping through changed conditions in the Pacific, with a consequent further restriction on imports for civilian, purposes, makes it more imperative than ever that all should revise their spending habits and lend to the nation not only to pay and equip the fighting men serving on iheir behalf but also to decrease the demand for goods in short supply.

"The quota scheme which was introduced in October Last is continuing satisfactorily in most districts," added Mr. Smallwood, "Last week 142 towns attained their quotas, including five which had not previously flown their savings flags, and 57 which had been successful for the last six consecutive weeks From this it could be deduced that the quota for any district was not impossible of attainment, and more practical support from public-spirited citizens in districts not being successful was needed to stimulate the war savings effort."