CONFIDENCE ALL ROUND.

Dominion, Volume 7, Issue 2127, 20 April 1914, Page 4

CONFIDENCE ALL ROUND.

SAYING BANK DEPOSITS INCREASE.

(By Tclegrapl.'-'PrcH Aslool'tion.) Auckland, April lft. "I am glad to be ablo to say that tho . flnanco,! of this country are in a ratifc--5 factory position," said tho Prhno Minister (the Right Hon. \V, F. Massoy) when speaking at Albany on Satuiday. There is lio bettor indication, JlO continued, of the stato of tho finances of tho country than tho position of tho Post Oflico Savings Bank, I am goinu; to ijivo you some figures which speak • volumes for tho prosperity of rictf < Zealand and for the* liidiibtiy of lie ■ people. For the month of March. 1914, tho excess of deposits over withdrawals 1 in tho Post Oflico Savings Bank wns • £07,711, IV tto nioiith of March, • 1913j tho excess of withdrnirate over deposits was £76.020. For tho quarter ending Marelt, IPI4, the dopoeits ox- ■ cecded withdrawal* by £201,148, ttliilft for tlio quarter ending Dorcmbor. 1913, the oxoefs of deposits ovor withdrawals . was £73,247. lor tho quarter endw March, 1918, the withdrawals exceeded deposits by £57,031. Mr. Mastcy proceeded to state how tlio rnecut four : olid a lialf million loan was subEcnbrd five times over, a fact which showed tho lurli bpinioii in which New Ztjlismi was lield by tlio people of ""Hi* whole country Rccms to bo a I'-ivo cf indi'strj-," concluded Mr. Mnssey. people seemed to bo confident iit them, selves, confident in thoir country, nnd, I am glad to wiy, confident m the Government." (Applause.) HOW. 4* AltfN'S VIEW. (By AsKfclaiiop.) punoEiin, April 1.8. ■' ■Tiie Hon. $> Alien sjiites that tlio Post, Office SisvSrtgs Bank has inado tsft aattiuAdipg recovery iji tjie ratio of dopoSitii to ivithdra.wal3 as Somjiared with. ■ this -time ISeti year, Thofo was n, tremewdous drop in deposits .bgfpro Sthe present" Government ctime ii.L ProWM.V the rise ■■$ tnticreat 'to 3} p?r coirt, liu.cl sotiiCtiijiig to. .do with, tho,.Mcavcry, but ; tho irnproved stafe of affairs, was not due to tnttt filoMoi B : e fttt.ri.buk4' 'ft mainly to ■strilijj effictts. dying out :atid A Benersl firffikg of the Bo.minien''ii bii6i« iiess, aiid ite uiideußiied fact thiit .peo». pie now had Wbro cenfideh.co in tho ; Coii.UW and the G.overn.me.nt that .con* itdliod the icfittiitrr's flffairt.