NATIONAL SAVINGS

Wanganui Chronicle, Volume 87, Issue 28, 4 February 1943, Page 3

NATIONAL SAVINGS

RECEIPTS NEARLY £10,000,000 STATEMENT BY CHAIRMAN Figures relating to the National Savings campaign released by the chairman of the New Zealand National Savings Committee, Mr. T. N. Smallwood, place receipts up to January 7, last, at £9,695,000. Of this, £4,563,000 has come from sales of 3 per cent. 5-year bonds and £5,132,000 from deposits to accounts which are repayable on or after June 30, 1945. In reply to a question the chairman stated that last December when everyone was enjoined to include National Savings gift suggestions with Christmas presents, bond sales reached £58,000 and 13,277 5s gift coupons and 36,584 6d war savings stamps were bought, which, with deposits, brought receipts for the month

to just over a quarter million pounds. Although these may seem large figures, the chairman mentioned that they do not compare with those for I the previous December (1941) which amounted to £430,000, being a direct indication of the temper of the people following the entry of Japan into the war. “Offensive action as was no doubt planned by the great leader! of the Allied Nations at their recent meeti ing, undoubtedly does not contemplate a slackening of effort anywhere,” concluded Mr. Smallwood. “Offensives are built up on the home fronts 'and to be maintained when launched i require not only the greatest of coordination between all branches of • the armed services, but also the deI termined backing of workers and savers in every section of the comi munity. These are jobs confidently ; I left to us by our fighting men, jobs I in which we cannot afford to fail and ; iin which success can only be measl ur?d by rising output and mounting figures from savings.”