SMALL SAVINGS
THRIFT IN BRITAIN REMARKABLE INCREASE SHOWN NATIONAL MOVEMENT (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, June 11. A remarkable increase in the amount of savings of all kinds by small investors was revealed at the National Savings Assembly at Blackpool. General Seeley, chairman of the National Savings Committee, stated that in 1911 the total small savings amounted to £492,000,000, or £l2 per head of population. In 1916, when the national savings movement first came into being with the formation of the National War Savings Committee, the total small savings increased to £687,000,000 or an average of £l6 per head. In five years, from 1916 to 1921, the figures doubled, reaching £1,418,000,000 or £33 per head of population. By the end of the 1931 period the total small savings had risen to the amazing figure of £2,244,000,000 or £5O per head.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19320614.2.28
Bibliographic details
Southland Times, Issue 21728, 14 June 1932, Page 5
Word Count
142SMALL SAVINGS Southland Times, Issue 21728, 14 June 1932, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.