Post Office Savings Bank Business
BIG EXCESS OF WITHDRAWALS LAST YEAR WELLINGTON, Last Night. A table showing the business of the Post Office Savings Bank in New Zealand by ten years jJcriods from 1868 to 1918, and yearly periods thereafter to March 31, .1933, was gazetted to-night. The number of branches increased from 46 at the establishment in 1867 to 794 in 1919 and 873 in 1933.
The excess of deposits over withdrawals steadily advanced from £1919 in 1867 to £3,796,070 in 1919. There was a slight drop in the excess of deposits over withdrawals in 1920 and until 1924 (when the excess of deposits was £88,051) there was an excess of withdrawals. Prom 1924 until 1933 the withdrawals consistently exceeded deposits. For the year ended March 31, 1933, the excess was £2,702,751 compared with £6,024,095 last year. The number of accounts remaining open at March 31, 1933, totalled 797,097 compared with 877,090 the previous year.
The total deposits in the year just ended amounted to £16,933,176 and the withdrawals £19,635,928. The corresponding figures in the previous year wore £19,463,985 and £25,488,081.
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Bibliographic details
Horowhenua Chronicle, 14 July 1933, Page 8
Word Count
182Post Office Savings Bank Business Horowhenua Chronicle, 14 July 1933, Page 8
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