SAVINGS BANK RETURNS.

Dominion, Volume 2, Issue 436, 19 February 1909, Page 4

SAVINGS BANK RETURNS.

;'■;;; :>:' SOME ■■ i SIGNIFICANT ;¥;;_; ,;', The "New;Zealand:.Trade-Eevie^';- gives""ia*.;;" its ourreht .issue -a; summary of-the-transaoV .'?. tions of the Post Office' Savings Bank duringthe:; .: 'years/1907 and 1908. '.The rev.iew.says that';the figures show that deposits-.continub to : be made .-■ on a. full :'-seale;.'but;v that .at the -.same; time: money-.is.now being' freely.withdrawh from that'.-., institution. v"Looal:resources -~-are". thus being.--'V brought into,"-■use- to'- meet "the' requirements '■ of'-; -. the community, while; the: investors, are . finding ;. more remunerative; employment for their funds.■;•,''•'; We .have frequently -stated oar conviction.that ;'; the!favourable .termSpgranted:by the Saving 3 ,?': Bank ware attracting* the funds of a. class; of depositors for -whom :it- was" intended—namely, ■ investors.Of .some means.',. This class, of. fund 3 - ; -J .may:naturally:be'attrabted by more.,:tempting.'".;: investments/and thus bewithnrawh on; a Jarge';;sdale. at a'time of: scarcity;-: Tho;Gqverhraent,:.::j's :js now- obtaining funds,from;outsida,i;[! thoEbmihioh.'V :. \^y&--'.' r^:r -v'---y/,-- :^,: : rL: ;'j|:...The■fignres'.ias as follow H-..':.':.'"0: - ; :::;i.;', ''■<.[

'.It will be seen-thattbefe.has been a steady.:;:; decline iii'the:excess ■•■ of .deposits,:-which: fell";? from'^324,Bl9:ill' the;first quarter 'of- 3907; to "v. £159,950, in tlievOune. quarter .of 1908.';.';Ih;,th« ' .:-/ September quarter: if 190 S. thoWithdrawalsiex-'..Y cceil the deposits' by. in the Sepr; '-' tember;quarter ; :; ji :y-A r : :- ; " :<•;:?;■

.:■. Quarter.-.' = •'; 'i : -'■■■ ■■:■■ .■• :■:£:,■ ;\^-:'£:^<y>m. ■: .March, 1907. .. V.. > 2,325,099 :/ v ' 2/K»,250V'S;- ;|; ••'■ June,.,190?.':' ' \i. ■.2,422,«i;w 2,03S,541V. ; .Y.fc Sept.,; 1907.; :^ ; ;;r 2,357,677-v -2,076,796-.>«? . DBO.V^1907^'■^^^'•.. !^~2,2«,«7;■•:'^':-2,0fl,536^U'■■»:,■5:•. :■/; March,- 190S:v ;..;."2,542,188 - v2,3S2,935 5';'- : ■?' . . .June, ■ 1903 : : '2,607i657 -.;' '. 2,447,707 v::S .::■'•■ Sept.y4908\'.;.-:'v.;;-2,319,607 ■;■::- ; ; : 'S ?:''DeC.vl903-^:'v,.;: : 2,20i,622;' 2,255,038:' ;;;;