THE PEOPLE'S SAVINGS.

Dominion, Volume 5, Issue 1424, 26 April 1912, Page 4

THE PEOPLE'S SAVINGS.

INCREASE OF WITHDRAWALS.

Tho statement of Post Office l Saving! Bank transactions during tho first quarter of the present year, as Gazetted last uignt, shows that compared with tho first quarter of 1911, there was a largo increases of withdrawals. Tho excess of deposits over withdrawals in tho March quarter of 11)11 was .£323,501 Os. 4d., and iu tho quarter ending March 31, 1912, it was only .£195,789 Bs. 7d. Iu some districts during last quarter, tho withdrawals actually exceeded tho deposits by y.uisiderable sums. Th'e following table shows tho position in tho several postal districts of tho Dominion during tho quarter ended March 31, 1912:42 fe-f si .-5 s e*J■:sea £ £ £ £ Auckland... 611,722 570,165 03,558 - Blenheim ... 10,751 40,952 — . Ml Ch'church .. 455,591 174,151 — 18,561 Dunodiu ... 312,211 339,792 2,422 - Greymouth 18,798 57,151 i - 8,388 Gisborno ... 82,163 72,288 9,875 - Hokitika ... 12,679 13,783 - I,lo* Invercargiir 151,157 127.13K 27,021 - Napier 156,812 110,539 16,303 — Nelson 62,883 fil,So9 1,011 ' - N. Plymouth 86,151 70,213 15,910 - Onmaru v ... 31,253 37,612 - 3,355 Thames * ... 77,901 70,808 7,096 - Timaru 95,122 91,703 3,419 - Wnngaiiui 183,013 156,150 26,893 - Wellington 603,359 557,303 16,055 - Westport ... 36,827 31,022 2,806 - TTslstqr. ' 1912 ... 3,117,464 2,921,673 195,789 - T'ls, Ist qr. 1911 ... 3,001,186 2,680,985 323,501 - During tho March quarter of this year, 21,319 accounts wore opened, and 16,443 were closed. During tho samo poriod of last year, 22,702 were opened, and 15,701 were closed.