SAVINGS OF THE PEOPLE
GROWTH IN BRITAIN CONFIDENCE IN FUTURE (British Official Wlrolesß., RUGBY, Oct. 27. The Home Secretary, Sir Samuel Hoare, to-day delivered a speech at a meeting of the national saving movement in London. Sir Samuel said that Britain’s rising figures of thrift at a time when men and women of other countries were refusing to invest money in bonds issued by their own Governments were due to the public confidence in the future.
The Home Secretary referred to the movement as one of supreme national importance. Savings made through it ran to £1,400,000,000. Even more significant was its annual growth, which amounted to £40,000,000 in the past 12 months. Lord Mottistone, chairman of the national savings committee, said that the savings of small investors in various forms could not now be less than £3,500,000,000. People abroad, he added, simply refused to believe these figures.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19371029.2.50
Bibliographic details
Poverty Bay Herald, Volume LXIV, Issue 19468, 29 October 1937, Page 5
Word Count
147SAVINGS OF THE PEOPLE Poverty Bay Herald, Volume LXIV, Issue 19468, 29 October 1937, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in