MONEY HOARDED
200 MILLION POUND NOTES LONDON, May The chairman of the Southern Area Trustees’ Savings Bank, Admiral L. Donaldson says 200 million pound notes are being hoarded in Britain. “Hoarding of notes is widespread,” he stated. “Some is due to thoughtlessness, some to black-market operations, but much is just deliberate hoarding. More than £1,000,000 is being hoarded at Portsmouth alone. Two dockers there lost £lOOO each when their houses were hit by bombs some months ago.
i “I know of hundreds of cases of women with large -wads of notes in handbags, and of houses where large sums are hidden under carpets. Many users of air-raid shelters often carry hundreds of pounds in notes with them. After one shelter disaster a women’s handbag was found with £750 in it. Another woman accidentally killed last month had £4079 in her possession.”
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Greymouth Evening Star, 7 June 1944, Page 7
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141MONEY HOARDED Greymouth Evening Star, 7 June 1944, Page 7
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