THE VALUE OF THRIFT.

Evening Star, Issue 14626, 24 July 1911, Page 4

THE VALUE OF THRIFT.

<*- ■ i,oi:n isi,rNc;TON\s viicaws. [SI'F.CIAb HI TilK, h-TAl'..] AI ; CXI,AN[). .)n!y 24. Tins A;i< khr.'i S.i'.'i.i-,;' winch i !>,.'. i~.770 rli p'.ntHrr. having t<> if* i pi'; ini.---,: hi .-S iif i:Ui.tif] •iii >:itunia\. liis | K:-.-! --ih-ricy !!:•- ;■■.;,. 1.e.,1 Islington, j v. Ini ra:ne i'l■ i'i. W; h| , : ;,,p i.u-|i::i-i:'!!y f> j pe: lunn till.- ..-. -,].:, i .'•'■:': i • : \ . <!•■' :\ t'n:<] "There Van' ;:,:;,,-' ! 'A.mid like lo Viun-jiv' lb.' impuvianoe .--f ; ;I :<i ih<- oxer, i.- . :.•!'. ihri't. ",i a'ii.'v; arid developing cotm! rv like N.iv Z< aland. The economic condition:; of N'ew Zealand. .'!;• compared win iiic ohk t connl r i«. i? of kkirnpe, afford an ;,i.proi iably higher rate of v.'.igiv- in prai tit-ally a!' branches of induvlrv to thct-e of the ohi"-.- a.nd ::',..if popiilritt-'l countries but in accordance wih ■•,• >n>n:ic l:".v there muft follow, with ■ logic jik :i« it is remorse let .=-. the col i'cvipoiKiiii-j: higher rn.io in the rot of living in it.s manifold ramification.;, ft becomes of the very importance, therefore, that, every effort tdiuild bo made during the wage-earning period of life to ' lay itp every a.vadniiie. rcfonrcc to provide j ugain.-t tiial period whit li may eome early i or may come late i:i liie. wkii the wane | has disappeared and the power to oarn it, I but the demands on .subsistence ftill continue unabated and undiminished. (Applause.) I have dwelt hitherto on the important advantages derived by tho individual from savings batiks. Let me, in conclusion, ftay a word on the important intiiifsnco this institution has on the .State. Savings banks unquestionably play their i pint iu raising the national standard of sobriety, industry, arid social efiicioiicy, and it doris not lie beyond the region of hopo that, given a. siihicient number of savings bank depositors, initifod with tho virtues and advantages of thrift in the individual, there wilj al?o grow alongside an increa.sing belief in the nccccsity of public thrift, ak"o thrift in municipal life. i iixid the strength of u- wiur.try or an em- ■ pir- i.s inseparably bound up in teo ex- | creit-e of thrift. Without an exception, i that is borne out by tho pa*i history of the I woild ; if, therefore, progress and thrift go hand in hand it it? vital that the opportunities of saving should bo provided and multiplied. This you are doing i;i your Auckland Savin go Bank, and 1 am most pleaded in performing the ceremony to f.tiir-t it once again on its betieI fi.-orit- and far-reaching work, with 1 every possible good wich that itG future ■success may only exceed that of its past." (T-<?dd appjanse.^