NATIONAL SAVINGS

Wanganui Chronicle, Volume 87, Issue 40, 18 February 1943, Page 4

NATIONAL SAVINGS

OVER £3OO REQUIRED TO FULFIL QUOTA

With the assistance of approximately £4OO surplus carried forward from last week, Wanganui citizens had contributed £ll4O towards the National Savings weekly quota of £1450 at the close of business last night, leaving a balance of £3lO to be invested during the next two days in order to hoist the city’s Victory flag for the 69th. successive week.

"Despite the heavy demands on current incomes to meet income tax payments and quarterly instalments of the Social Security charge due this month, the response to the war savings appeal is being well maintained,” said the district organiser, Mr. J. Gillick, yesterday. “The receipts over the past three weeks are higher than any previous week since the middle of October last. Besides being of vital importance to financing the Dominion’s war effort, National Savings provide an attractive investment, being repayable in June, 1945, only two and a-half years hence, a return to the investor of 3 per cent, compound interest on any sum up to £lOOO. War bonds also bear interest at 3 per cent, free of National and Social Security taxes with a shortterm currency of five years from the date of issue. These bonds are Stateguaranteed bearer security, which can be sold or transferred at any time.