NATIONAL SAVINGS ECLIPSE TARGET SUM THREE TIMES OVER
The national savings movement in the Gisborne postal district continues to expand.
Since April 1. 1949, investments total £236.Gt!2, which is more than three times the annual quota of £75,868. The weekly target of this district is £1459 and the repeated successes in oversubscribing this amount reflects the popularity of national savings as a short-dated investment.
So far tin's year 714 new national savings accounts have been opened, 200 of which were new group accounts. For the week ended March 4 deposits in the Gisborne district totalled £6654. which was £5195 more than the weekly quota of £1459. Good results were obtained at the following offices: Opotiki, £109; Ruatoria, £1611: Te Karaka. £228; Tokomnru Bay, £77; Tolaga Bay, £1087; and the Gisborne chief Post Office, £3475.
The annual quota of £2860 at Te Karaka has now been almost doubled. Each of the 11 main post offices obtained its weekly quota.
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Bibliographic details
Gisborne Herald, Volume LXXVII, Issue 23196, 7 March 1950, Page 4
Word Count
158NATIONAL SAVINGS ECLIPSE TARGET SUM THREE TIMES OVER Gisborne Herald, Volume LXXVII, Issue 23196, 7 March 1950, Page 4
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