THRIFTY PEOPLE
SMALL INVESTORS’ ARMY
HUGE SUM IN SAVINGS
A FINANCIAL REVOLUTION
(United Press Association—By Electric Telegraph.—Copyright.)
(British Official Wireless.) g* Received September 18, 10.30 a.m. RUGBY, Sept. 16.
The well-known economist, Sir George Paisli, 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 in the current year and when this sum was added to the deposits in building societies, investments in Government securities and other forms of working class thrift it was realised that the savings of the non-wealthy section of the community now formed a very important factor in national economy.
It was calculated that small savings in Britain now reached the sum of £2,400,000,000, but Sir George Paish thought the aggregate greatly exceeded that sum.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19330918.2.81
Bibliographic details
Manawatu Standard, Volume LIII, Issue 249, 18 September 1933, Page 7
Word Count
150THRIFTY PEOPLE Manawatu Standard, Volume LIII, Issue 249, 18 September 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in