A RECORD YEAR

Dominion, Volume 10, Issue 3047, 7 April 1917, Page 12

A RECORD YEAR

POST OFFICE SAVINGS BANK DEPOSITS AND WITHDRAWALS The Post Office Savings Bank figures for the year 1916 constitute a new record for New Zealand. The figures show that tho deposits during 1916 were nearly £2,000,000 in excess of what, they wore in tho previous year, .whilst .the'-withdrawals wore over one and a half millions greater last year than in 1915. The amount of business leprcsented in tho mimbor of transactions also constitutes a new record.. To indicate clearly ■ the big jumps that have been made in Savings Bank returns, the figures for three years arc given, viz., 1916, 1915, and 1913 (the last year that was altogether free from the influences of war conditions). Tho figures are as follow (shillings aud pence, omitted): — .- ■' . ■':-. Deposits. 1916 ■■'.;...■ ;.' 15,576,408 ,1915 13/706,657 1913 .....;'. .11,286,702 . ■Withdrawals'.- I £, 191g •■•■••• 12,957,420 : ,1915 i 11,294,973 1913 ..: 11,041,454 .. Excess of Deposits over Withdrawals. :■■'■:■& ■• 1916 '.:....-.. 2,'615,98S 1915 ■ 2,411,683 1913 .................. , 245,247.. : The number of transactions in 1916 were as lollbn-.i-rDyposits, • 1,188,101; withdrawals', 658,775. The number of Savings Banks in operation during last .year was 786. ■■-..„.■ ■