THE PRACTICE OF THRIFT
EXPERIENCE OF SAVINGS BANK (P.A.) AUCKLAND, Apl. 30. “ Much has been said in the community about lavish spending and a lack of restraint by people in money matters. While there may be some justification for such comment, there is a very large section of the people who are saving and appreciate the need to refrain from spending when the country is at war and goods are in short supply,” said Mr G. W. Sanders, president of the Auckland Savings Bank, in his report to the annual meeting of trustees to-day. The report stated that the bank’s funds had increased in the last year by over £1,770,000 to £13,449,000. a record. “ The growth of the funds in recent years has been phenomenal, as we have to go back only 13 years to find that the total was just half the present sum,” said Mr Sanders.
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Bibliographic details
Otago Daily Times, Issue 25214, 1 May 1943, Page 4
Word Count
148THE PRACTICE OF THRIFT Otago Daily Times, Issue 25214, 1 May 1943, Page 4
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