“VICTORY IN SIGHT"

Wanganui Chronicle, Volume 87, Issue 274, 19 November 1943, Page 5

“VICTORY IN SIGHT"

BUT RELAXATION NOT YET POSSIBLE CHANCELLOR OF EXCHEQUER ON WAR SAVINGS Recd. 6 p.m. Rugby, Nov. 17. “Victory is in sight,” said the Chancellor of the Exchequer, Sir John Anderson, addressing a War Savings assembly in London. “The enemy has no escape from crushing defeat, provided the power of the United Nations is fully brought to bear on him, not only on the field, but also on the ■ economic front behind the battlefiell." That did not mean that relaxation [was possible, he added. The nation’s I war effort had to be maintained and, if possible, increased. | Regarding a continuance of the War Savings movement after the war, Sir John said: “Let me assure you in the strongest terms that the voluntary savings organisation will be indispensable after the war, and particularly in the difficult transition period when we shall be passing from war to peace economy. You are all aware what ‘are likely to be the main features in I that period. The repair of war damlage and a reconstruction of industry must have first charge on resources, so it will take time to provide an appreciable increase in the volume of goods available for private consumption. That will mean a continuance of restraint on expenditure Even w’hen those first duties are provided for and a more liberal scale of consumption can be capital i investment in the development of the [country will still require large volumes of savings of all kinds to advance it.”—B.O.W.