FINANCIAL REVOLUTION
ERA OF SMALL INVESTORS. BIG CAPITALISTS DISPLACED. ■ i EVIDENCE OF NATIONAL THRIFT. fOmclal Wireless.) (Received Sept. 18, 10.30 a.m.) RUGBY, Sept. 17. The well-known economist, Sir George Paish, speaking at Nottingham, said: “We are witnessing today a revolution in the financial sphere, in which a few wealthy capitalists are being replaced by a vast army of small investors. Something like £52,000,000 worth of national savings certificates will be so’d dur-
ing the current year, and when this sum is added to deposits in building sooieties, Investments in Government securities, and otheij forms of working class thrift, it is realised that the savings of the non-wealthy section of the -community now form a very Important factor in national economy. It is calculated that small savings in Britain have now reached the sum of £2,400,000,000 but I think the aggregate has greatly exceeded that sum.”
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Waikato Times, Volume 114, Issue 19053, 18 September 1933, Page 7
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145FINANCIAL REVOLUTION Waikato Times, Volume 114, Issue 19053, 18 September 1933, Page 7
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