THRIFT AMONG TEACHERS
INVESTMENT SOCIETY TO BE FORMED EDUCATIONAL INSTITUTE (Per United Press Association) WELLINGTON, May 12. A Teachers’ Investment Society, to encourage thrift among members, to raise funds by way of contributions from members and to make advances to members, is to be established by the New Zealand Educational Institute, which at its annual meeting in Wellington to-day authorised the setting up of a provisional board for this purpose. The institute decided to guarantee £SOO for the in*auguration of the scheme and to invite from members applications for shares.
In a report on the proposal it was suggested that the monthly contributions should range from 5s to 60s, and the rate of interest to be allowed on contributions and charged on loans should be fixed by the board from time to time.
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Otago Daily Times, Issue 23499, 13 May 1938, Page 7
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133THRIFT AMONG TEACHERS Otago Daily Times, Issue 23499, 13 May 1938, Page 7
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