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NATIONAL SAVINGS CAMPAIGN

OBJECTIVE EXCEEDED Record Year Experienced The total national savings receipts for the year ended on 31st March last were £7,319,391, of. which sum £462,580 represented sales of national savings bonds and £6,856,811 investment in accounts. These figures were released by Mr. T. N. 1 Smallwood, chairman of the New Zealand National Savings Committee. “ Our oubjective of £6,000,000 decided upon at the beginning of the year,” said Mr. Smallwood, “ has been exceeded by a substantial margin, and this is the more creditable when it is remembered that this has been the first year when national savings has not been assisted by a major national effort such as a war loan. The previous highest yearly figure apart from amounts subscribed during a war loan was £5 ( 000;000.- “ The total amount invested in na-. tional savings since the inception of the scheme nearly 6J years ago is £47,474,463. Of this sum £12,067,438 has been sales of bonds and £35,407,025 deposited In accountsThis latter figure is spread over almost 500,000 investors 'and represents an average of £7O per account. “ The average weekly receipts to national savings during the year have been £140,757. - The enthusiasm displayed in all districts to make the year a record one is shown in the returns for the last week, when the receipts exceeded £308,000. “ The strong support accorded this popular thrift movement is deeply appreciated;” concluded Mr Smallwood, “ and we look forward to further records being established in the coming year.”

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/PUP19470522.2.27

Bibliographic details

Putaruru Press, Volume XXI, Issue 1231, 22 May 1947, Page 4

Word Count
245

NATIONAL SAVINGS CAMPAIGN Putaruru Press, Volume XXI, Issue 1231, 22 May 1947, Page 4

NATIONAL SAVINGS CAMPAIGN Putaruru Press, Volume XXI, Issue 1231, 22 May 1947, Page 4