NATIONAL SAVINGS

Waikato Independent, Volume XLI, Issue 3893, 18 August 1941, Page 4

NATIONAL SAVINGS

»j" v ? * APPEAL FOR GREATER SUPPORT MONEY TO WIN THE WAR An appeal to the people of the Dominion to support the National Savings Campaign in still greater numbers was made by the chairman of the National Savings Committee, Mr T. N. Smallwood, in a National Service broadcast last evening.

Mr Smallwood opened his address by comparing a statement made early in the war by Lord Halifax with an appeal made by Goering to ! the German people. The implicaj tion in both appeals, pointed out the speaker, that the sum total of individual effort determines the strength of the 1 nation , and to give full effect to this, wishful thinking must give place to deeds. “The objectives on the financial home front now are three. The first js 250,006 pledged National. Savers solidly behind our fighting forces. Sp far we have 200,904 anil the,National Sayings Committee is appealing tpr;’ gnqther'so,ooo -without deWhen we'considfer that the objective of 250,000 accounts in proportion tb the 387,000 households in New Zealand-still leaves at least hbuSeholds in which tljere will be 1 jfoTNatiohal Savings Accouni,” cdntihued Mr Smallwood, “the present goal is very modest. When considered on the basis of population, the goal is too itodest. Taking our-population at 1,500,000 and assuming half, .ape, pot able to contribute and our 'goal of 250,000 accounts is attained, 500,000 still

remain * .. >v y, “The second objective,’ said Mr Smallwood, “is tp raise £3,000,000 from NationalrSayings .during the year ended 31st March, 1942. So far we have’raised; £2,526,063 of which £1,204,607 has been, received for the current jflnanpial year. £3,000,000 a will entail each ihdiyidual making a determined effort each week to deposit a minimum sum, however snfaH,, and, to .exceed ft whenever possible. , . “To assist in making regular small savings, it is suggested that greater use be made o f Group Savings Schemes through which, by voluntary arrangement between employer and employee, a deduction is made from earnings for deposit in an employee’s own National Savings Account.” •

The third objective—the War Loan —the .’receipts Irom which would be used for the same purposes as,i ( Savings—=had now been launched, said. Mr Smallwood, and the endeavour'; was to raise £10,000,000 by 'September 2.