NATIONAL SAVINGS

Southland Times, Issue 24597, 20 November 1941, Page 7

NATIONAL SAVINGS

That it cost the National Savings office 1/6 to open a National Savings account, representing forms used, passbook, and the accounting work involved, was mentioned by the district organizer of National Savings (Mr W. G. Nield) yesterday. As such accounts could be opened with 1/- or multiple, it would be appreciated that subsequent regular deposits were essential to ensure the success of the scheme from both the national and individual standpoints, said Mr Nield. In the 245,000 accounts in the Dominion, there were, of course, a number which had had little, if any, added to since the initial deposits were made. “The recent introduction of the money ball and flag schemes at post offices allotting weekly money quotas, is to emphasize the necessity of deposits being continued, as it is the amount of money deposited and not the number ot accounts which assists the war effort,” concluded Mr Nield. Up to Saturday last, there were 16,423 National Savings accounts in Southland, an increase of 96 for the week. At Invercargill, on Monday and Tuesday, £350 was received in National Savings investments. The amounts received are indicated daily by the money ball on the chief Post Office.