NATIONAL WAR SAVINGS

Bay of Plenty Beacon, Volume 8, Issue 48, 13 February 1945, Page 3

NATIONAL WAR SAVINGS

ANOTHER LANDMARK PASSED

TOTAL NOW OVER £30 000 000 1 >

"[t is with a sense of pride of achievement that I am able to tell the people of New Zealand that their War Savings have now reached tlie colossal sum of £30 018 517 " said 3 '5 * Mr T. N. Smallwood ? Chairman of the N.Z. National War Savings Committee, in announcing that another landmark had been passed in the progress of this movement which

plays so important a part in our country's war economy. "This total represents investments since the inception of National Savings in October 1910 up to tlie 31st 1944."

"To appreciate the. real significance of this figure, it must be realised that it is the result of a steady and continued effort by many thou-

sands —in fact hundreds of thousands of people—whose resolute -determination —typical of that displayed by our lighting men —has enabled them to put aside a small but regular contribution to National Savings."

"Of the total of £30,018,517/' continued Mr Smaihvood, "National Savings Bonds have produced £10, - 231 495 while represents investments in over 451 000 National Savings Accounts. That the im-. portance of National Savings is widely appreciated is reflected in the fact that during the past nine months of the current financial year, the substantial sum of £9,250,947 has been contributed."

Mr Smalhvood a in expressing his appreciation ol' the very read)' and gratifying response that has met all appeals by his committee for creased saving, emphasised the fact that although much had been achieved much yet remained to be accomplished. "We are all more than pleased to see Victory looming on the European horizon," added Mr Smaliwood "but it would be a cruel victory wore it to bring a spirit ol complacency over our people. Our will to win, our resolve to sacrifice, our determination to save—these qualities that have brought so handsome. a reward must be continued to the very end ; and 1 appeal to ah New Zcalanders not only to continue to save, but to increase their savings and thereby lay a sure and solid foundation for the enjoyment of that peace which is being bought at so tremendous a cost."