SAVINGS BANK
NEW ZEALAND POST OFFICE j WITHDRAWALS SLACKENING OFF. L Per Press A;sociatiun. I WELLINGTON. July 13. I A fable showing tho business of the ; Post Office Savings Bank in New Zealand by ten-year periods from 1868 to 19.18 and yearly periods thereafter to March 31, .1933, is gazetted to night. The number of branches has increased from 46 at the establishment in 1867 to 794 in J 919 and 873 in 1933. Tho excess of deposits over withdrawals has steadily advanced from £1919 in .1867 to £3,796,070. In 1919 there was a slight drop in the excess of deposits over withdrawals, and in 1920, and until 1924 (when tho excess of deposits was £88,051) there was an excess of withdrawals. From 1924 until 1933 withdrawals have consistently exceeded deposits. For the year ended March 31, .1933, the excess was £2.702,751, compared with £6,024,095 last- year. The number of accounts remaining open at March 31, 1933. totalled 797,097 compared with 877,090 the previous year. Total deposits iu the year just ended amounted to £16,933,176 and withdrawals £19,635.928. The corresponding figures of the previous year were £19,463.985 and £25.488,081.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 164, 14 July 1933, Page 6
Word Count
189SAVINGS BANK Wanganui Chronicle, Volume 76, Issue 164, 14 July 1933, Page 6
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