SMALL INVESTORS
+ NEW ISSUE OF SAVINGS CERTIFICATES (BRITISH OFFICIAL 7/IRZLESS ) (Received February 28, 5.5 p.m.) RUGBY, February 27. A new issue of national savings certificates has been announced. Each certificate, which will cost 15s, will be worth 20s at the end of 10 years. The national savings certificate is meant to be a security for the small investor. While the new (the sixth) issue of the certificate gives a slightly diminished rate of interest compared with the fiith issue other changes introduced are directly in the interests of savers of small means. From February, 1916, to February 2, 1935. more than 1 214,003,000 certificates were sold, representing a cash investment of more than £956.000,000. Sir Arthur Steel Maitland, a former Cabinet Minister, referred to the national savings movement as one of the factors which brought Britain safely through the world economic crisis.
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Press, Volume LXXI, Issue 21411, 1 March 1935, Page 13
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142SMALL INVESTORS Press, Volume LXXI, Issue 21411, 1 March 1935, Page 13
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