THRIFT IN BRITAIN

Otago Daily Times, Issue 23334, 28 October 1937, Page 14

THRIFT IN BRITAIN

; £66 A HEAD Britain is among the thriftiest nations in the world. The savings of her neopll amount to £66 per head. And she is getting more thrifty every day. Australia has just estimated that the fieure of the dominion's savings bank deposits represents £33 for every man, woman and child. . With this figure it can data to be ahead of the British Post Office Savfng? Bank, whose balance of hbout £450,000,000 represents about ±.lO per he ßut it cannot contend with the other bodies which combine to produce in Britain the huge estimated total of £3 000 000,000, saved by small investors, which 'is equal to £66 for every person. Experts say that it is increasing at the rate of £100,000,000 a year. "There are so many trustee savings banks and bodies like municipal banks that the savings Britain are> spread over them," a Post Office official has S3 " d the National Savings Committee groups thriftiness into the Big Three State-controlled movements comprising the Post Office Savings Bank, Trustee Savings Banks, and National Savings Certificates. ~ . _ "Between them they represent a total of £1,390,000,000, a figure of about £3O a head, which can fairly compare with Australia's. . "Th're is, however, a wide variety of other bodies in which the British small-man invests his money, and this Si toe total up to £3,000,000,000."