THE PEOPLE’S SAVINGS
BRITAIN’S GOOD FIGURES. Sir Spencer Portal, chairman of the Trustee Savings Banks Association, announced at the annual meeting of the association at Harrogate an increase in deposits of over £8,000,000 last year, making a grand total due to depositors of £155,000,000. A letter received from Mr. Philip Snowden, Chancellor of the Exchequer, stated: — “It is a pleasure to me, on the occasion of the Trustee Savings Banks Association’s annual meeting, to express my appreciation of the work of the banks and my good wishes for their future success.
“I am glad to see that the funds of the banks have grown during the past year more rapidly than during any other year since 1920, and now reach a total of very nearly £159,000,000. At the same time there has been a gratifying increase in the number of depositors. “It is of the highest importance to the economic welfare of the country that great numbers of the citizens should contribute to the national savings, and I am very sensible how greatly * the Trustee Savings Banks have encouraged them to do so.’ ’
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Taranaki Daily News, 7 August 1929, Page 12
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183THE PEOPLE’S SAVINGS Taranaki Daily News, 7 August 1929, Page 12
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