NATIONAL SAYINGS
APPEAL BY CHANCELLOR LOANS TO THE NATION (United Press Assn.—Elec. Tel. Copyright) LONDON, Feb. 28 The Chancellor of the Exchequer, Sir John Simon, today met repre- | sentatives of investment organisa- ' tions which take a large part in the j disposal of national savings and j urged that, in the largest measure | possible, funds available for investI ment should be lent directly to the ! nation during the war. ] He received an assurance of the desire of the bodies concerned to cooperate in the national effort. Dangers of Inflation Reassuring figures were cited by Lord Hankey, Minister without portfolio, in a debate in the House of Lords on the dangers of inflation. He revealed that the Bank of England indices of retail sales suggested that a considerable measure of economy had been exercised by the public in its personal expenditure in recent months. On the question of wages the Government was in the position of having the lull co-operation of employers and employed in the industrial problems connected with the prosecution of the war.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19400301.2.64.2
Bibliographic details
Waikato Times, Volume 126, Issue 21051, 1 March 1940, Page 7
Word Count
174NATIONAL SAYINGS Waikato Times, Volume 126, Issue 21051, 1 March 1940, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in