WAR FINANCE

Bay of Plenty Beacon, Volume 4, Issue 117, 16 June 1941, Page 3

WAR FINANCE

NATIONAL SAVING SCHEME ' 1 V AVERAGING £53,000 PER WEEK The campaign was launched cn October 10, 1910, and so far the receipts have averaged approximately £53,000 per week. National Savings Bonds. It is interesting to note that in the early stages of the campaign the bulk of the receipts was from the sale of National Savings Bonds. The sales of Bonds, however, have dropped, but the decreased returns from these securities have been more than made up by the greatly increased amount of deposits in National Savings Accounts. One aspect of the National Savings Scheme which is proving increasingly popular is the formation of Savings Groups in business houses. To date 3100 firms have started Savings Groups through which approximately 50,000 members of their staffs are contributing to National Savings. These groups provide a convenient means for employees to make deposits to their own National Savings; Accounts and also ensure that deposits are made regularly—a point which is of paramount importance to the ultimate success of the Scheme, for the opening of a National Savings Account which is iw ! thereafter regularly used is of little benefit either to the individual or to the Dominion'-, war effort. These figures show clearly that the people of the Dominion are now realising the necessity for saving to the utmost f«r our Avar effort. The orogress of the scheme to date has bron most satisfactory, but continued and increasing support from everyone is ne?cs\sa>\v to secure the cji'i and most beneficial effect on our national econ em y .