FORWARD BUYING PLAN

Wanganui Chronicle, Volume 87, Issue 59, 12 March 1943, Page 4

FORWARD BUYING PLAN

AID FOR WAR SAVINGS Support for the Wanganui-Rangi-tikei Power Board's forward buying scheme was received from lhe Wanganui National Savings Advisory Committee at the board’s monthly meeting yesterday. The scheme will enable people to purchase electrical appliances after the war, but in the meantime money paid will be invested by the board in National Savings and depositors will be allowed interest “The plan to encourage customers to assist in rehabilitation efforts, and to ensure earlier deliveries of their own requirements, which you approved at the last meeting, is ready to be put into operation, and publicity is being arranged,” stated the secretary, Mr. G. A. Ammundsen, in a report to the board yesterday. “The plan fits in with the National Savings Committee’s plan for postwar living, and our publicity will, for the time being, link up with that of the committee. To avoid any complications through accepting money and paying interest, the amounts paid co the board under the scheme will be paid into National Savings accounts in the names of our customers, the board acting just as agent for 'the group, as in staff groups organised already by so many employers. As sales are made accounts will be transferred to the board.”