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Dominion, Volume 8, Issue 2373, 1 February 1915, Page 6

"A remarkable recovery has taken place in tho Post Offico Savings Bank returns since tho Government assumed office," remarked tho Hon. J. Allen (Minister of Finance) to an "Otago Daily Times" reporter. "Before the Government obtained administrative power thero was a serious drop in the excess of deposits over withdrawals. That continued for some considerable time, but gradually got ■ better and bettor. Now the country may congratulate itself upon tho strong position of our Post Ofiico Savings Bank funds. Take tho last quarter, ending December 31, for example. Tho excess of deposits over withdrawals amounts to the hugo sum of £433,3-10. In tho same quarter of tho preceding year tho excess of deposits over withdrawals totalled £73,247. Tho month of December was oven more remarkable. As a rnlo the need of withdrawals for holidaying and the like causes a shrinkage in the deposits in the savings bank, but last mouth tho excoss of depo;its over withdrawals was £144,708. Hitherto, tho returns have generally 'disclosed an excess of withdrawals over deposits. A year ago, for instance, tho withdrawals in December exceeded ihc deposits by £18,775. Tho alteration is reassuring proof of the remarkable manner in which New Zealand is escaping tho (shocks of the war."