A Savings "Snowball" Something was started round Morrinsville when a trust fund investor and a moneyed farmer in December compared notes on the subject of gilt-edged securities and decided that the national savings offered the best investment. The farmer at once plumped £250 into the fund ati Morrinsville, where the district weekly quota is £362, and at once the quota was £40 over-subscribed. The news of the farmer's practical tribute to -the investment value cif the fund got round, and his judgment was so strongly trusted that next week the Morrinsville quota was £170 oversubscribed. Christmas week and the following weeks saw the national savings "snowball" at this centre gather weekly proportions respectively of £747, £517 and £650. Money collected to date in the Morrinsville district under the national savings scheme amounts to £18,509, of which, £7752 is in bonds and £10,756 in deposits.
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Bay of Plenty Beacon, Volume 5, Issue 11, 2 February 1942, Page 5
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144Untitled Bay of Plenty Beacon, Volume 5, Issue 11, 2 February 1942, Page 5
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