THRIFT AND INTEREST.
Sir,—A period of years in which money has come easily, and lias gone more easily, has not been conducive Jo habits of thrift and the person without a few dollars stowed away is a potential liability to friends or to the country. The person who has been able to build a reserve of savings must be regarded as an asset to the country. The provision of an incentive to save is, therefore, a necessity, and ill the writer's opinion, the payment of a high interest rate (say 8 per cent.) on deposits below a fixed sum (say £250) through the Post Office Savings Bank to persons without property, means or po S . sessions of a commercial value is a practical solution. The system is capable of extension or modification. To those who would condemn it on the ground of cost to the country, the writer would answer that increased taxes on entertainments and luxuries would provide an ample fund from which to derive increased interest.: Brainwave,
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New Zealand Herald, Volume LXVII, Issue 20556, 6 May 1930, Page 14
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169THRIFT AND INTEREST. New Zealand Herald, Volume LXVII, Issue 20556, 6 May 1930, Page 14
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