THE “MONEY BOOK.”

Manawatu Standard, Volume LVII, Issue 159, 7 June 1937, Page 10

THE “MONEY BOOK.”

The Post Office home-saving system centres round ail attractive little steel money-box designed and coloured to resemble a book with gilt edges. This is sold locked and the key is kept by the Post Office. When the children’s savings reach an amount sufficient for banking the box is opened officially and the contents credited to a savings hank account. There are scores of thousands of these “money hooks” in the homes of the Dominion, and no fewer than 22,000 were added to the total last year. Through their medium the . young people of New Zealand put aside so many thousands of coins irom time to time that the year’s aggregate reached the surprising figure of £150.000. Handling this amount meant, it is estimated, 02,000 transactions at Post Office savings bank counters. A new edition of the home savings bank was secured during the year from a British manufacturer who has designed a box efficient for one-way traffic, as it liicwdes a grip on the money slot which will prevent a coin being withdrawn although it has only been inserted halfway. Alongside "the coin opening is a small hole through which notes may be inserted if tightly rolled. The note then uncurls and like the coin cannot be withdrawn without using the official key, which is not to be found at home.