WORKING CLASS THRIFT
SAVINGS AND INVESTMENTS IN BRITAIN IMPORTANT FACTOR IN NATIONAL ECONOMY (British Official Wireless.) Press Association—By Telegraph—Copyright. RUGBY, September 16. (Received September 18, at 11.30 a.m.) The well-known _ economist, _ Sir George Paish, speaking at_ Nottingham said: “We are witnessing to-day a revolution in the financial sphere-, in which a few wealthy capitalists are being replaced by a vast army of small investors. Something like £52,000,000 worth of national savings certificates would be sold during the current year, and when this _ sum was added to the deposits in building socioties’_ investments, ip Government securities, and in other forms of working class thrift, it would be realised that the savings of the non-wealthy section of the community now formed a very important factor in the national economy. _lt was calculated that the small savings in Britain have now reached a sum of £2,400,000,000, but he thought the aggregate greatly exceeded that sum.
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Evening Star, Issue 21519, 18 September 1933, Page 9
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152WORKING CLASS THRIFT Evening Star, Issue 21519, 18 September 1933, Page 9
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