THE PEOPLE’S SAVINGS.
SUGGESTED USE FOR PRODUCTIVE ! WORKS. WELLINGTON, August 13. [ Tho Dominion Coimoil oi the R.S.A. re- | jenlly set up a committee to consider the | question of soldier unemployment, and pro- ; posals were formulated to create new capital j out of tho savings of tho people and use ! this to carry on necessary public works— j inu'tioularly the hydro-electric schemes. To : Lb.is end it was suggested that measures should bo taken to increase the sale of Rost A Slice investment cert idea to?. The commit- ; Lee sent it<s proposals to the Government, ! and has received a. reply that the Govern- i ineiil- cannot see i( >; way to adopt, them, ft is not considered p-. -sicao to compete by 1 means of Lost Oliieo certiimales with tlie ! pit mil high rate's of interest, nor does the j hivernment care about inviting investments j which would result in an accumulation pay- ; ible in one sum at a fixed period. It urges that, the Post Office Savings B;mk : itself is the surest-, safest-, and cheapest ! node of investment for the public’s savings. |
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Bibliographic details
Otago Witness, Issue 3518, 16 August 1921, Page 25
Word Count
180THE PEOPLE’S SAVINGS. Otago Witness, Issue 3518, 16 August 1921, Page 25
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