NATIONAL SAVINGS

Bay of Plenty Beacon, Volume 5, Issue 28, 13 March 1942, Page 3

NATIONAL SAVINGS

OVER £3,000,000 RECEIVED

QUOTA SYSTEM WORKS WELL

The chairman of the New Zealand National Savings Committee (Mr T. N. Smalhvood) announced last week that receipts up to February 7 totalled £4,389,000, of Avhicli £3,067,000 represented receipts for the current financial year. "While this fulfils the budgetary estimate of receipts for National Savings," said Mr Smalhvood, "tlic calling up of so many men for service 'with the Armed Forces in New Zealand, and a greater demand on shipping through changed conditions in the Pacific with a con.sej quent further restriction on imports for civilian purposes, makes it more imperative than ever that all should revise their spending habits and lend to the nation not only to pay and equip the fighting men serving on their behalf, but also to decrease the demand for goods in short supplies." "The quota scheme which was introduced in October last is continuing satisfactorily in most districts," added Mr Smalhvood. "Last week Tl2 towns attained their quotas, including five which had not previously flown their savings flags, and 57 which had been successful for the • last consecutive weeks. From this it could be deducted that the quota for any district was not impossible of attainment and more practical support from public spirited citizens in districts not being successful was needed to stimulate I the Avar savings effort."