POST AND TELEGRAPH
INCREASES IN STAFF SAVINGS BANK BUSINESS [ Per Press Association ] DUNEDIN, June IS. In an interview the PostmasterGeneral (Hon. F. Jones) stated that there were many applicants for position in the P. and T. Department in anticipation of staff increases with improving conditions. Since December these conditions had enabled 587 promotions to be made, and had allowed the department to give employment to about 450 outside applicants. Further staff increases might be anticipated. Air. Jones stated that for the year ended March the Savings Bank deposits had exceeded withdrawals by £2,086,17. Interest credited to depositors was £1,406,459 and the balance at credit was £52,916,352, an increase of £3,492,638 over the previous year. For April and May, deposits exceeded withdrawals by £295,000 and £328,090 respectively. In answer to a question the Minister stated that it was unlikely that the Governmen would authorise a higher interest rate to depositors.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19360619.2.86
Bibliographic details
Wanganui Chronicle, Volume 79, Issue 144, 19 June 1936, Page 8
Word Count
149POST AND TELEGRAPH Wanganui Chronicle, Volume 79, Issue 144, 19 June 1936, Page 8
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.