TEACHING CHILDREN TO SAVE PENNIES

Manawatu Times, Volume LIII, Issue 6634, 13 June 1928, Page 6

TEACHING CHILDREN TO SAVE PENNIES

SAVINGS BANK SCHEME VOTED GREAT SUCCESS TERRACE END PROVES ITS VALUE School committees of Palmerston North have been discussing of late the merits of school savings-banks. The College Street committee, at its meeting on Monday evening, turned down the scheme, only two of the nine committeemen present voting in favour of its inauguration. The experience of Terraco End school, as conveyed to the meeting of that school’s committee last evening by the headmaster (Mr. A. W. Thompson), will come as something in the nature of a surprise to those members of the College Street committee and others who doubt the ef&cacy of the scheme. Mr. Thompson stated: .The amount standing to the credit of pupils in the post office savingsbank account is now £SB 15s lOd. In addition £3l has been transferred to the individual accounts of 26 pupils. Thus since the inauguration of the scheme in November last, a sum of £92 15s lOd has been banked by the pupils. Members of the staff are unanimous in voting the scheme a great success in every way. The headmaster further commented that the extra work in connection with the scheme did not take up more than ten minutes of a teacher’s time of a morning. Furthermore it was noticeable that lollies at school were a thing of the past.