VOLUNTARY SAVINGS MOVEMENT
FORTY MILLIONS RAISED IN BRITAIN (British Official Wirel«s«.) RUGBY, Jan. 4. Lord Mottistone, chairman of the National Savings Movement, announced on Wednesday that the total raised by the campaign now exceeded £40,000,000. He said he could not support the proposal that compulsory savings should be introduced. “I am quite sure,” he said, “it i.s far better for the savings of the people to be the result of their own voluntary effort.” On January 8 an Order-in-Council will come into force which prohibits the transfer of sterling or of sterling securities whether by delivery or byregistration from a United Kingdom resident to a non-resident unless express permission has been given by >he Treasury. For the purposes of this order a non-resident is a person, company, or firm residing or carrying on business outside the British Empire, Egypt, Anglo - Egyptian Sudan, and Iraq, with the exception that residents in Canada, Newfoundland. or Hong Kong, are regarded as non-residents.
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Wanganui Chronicle, Volume 84, Issue 5, 6 January 1940, Page 7
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159VOLUNTARY SAVINGS MOVEMENT Wanganui Chronicle, Volume 84, Issue 5, 6 January 1940, Page 7
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