Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

HELPING BY SAVING

The aspect of thrift usually stressed is that it benefits the thrifty. It provides liquid assets that are always of value and, in the last analysis, there is no other way of creating capital, whether it is in the foiin of money, goods or property. But at the present time there is a cleat y defined double benefit to be derived from systematic saving for wai purposes. The lender acquires a sound investment, and the money is lent to the State for financing the war effort, thus assisting to make life and property in the Dominion more secure. And that is not the only benefit which the community will derive. Owing to hostilities the difficulties of obtaining goods and services have been increased so that the larger national income caused by war expenditure cannot be balanced by greater quantities of consumable goods, and that involves the danger of inflation. Money saved and transferred on loan to the State helps to keep the economic position in better balance; that is. it helps to keep the purchasing power of our currency steady. This double benefit, to be obtained by systematic saving, is a very pertinent reason why everyone today should assist. I hat many people have grasped fully the purpose of the national savings schemes is apparent in the fact that since the war started £9,700,000 has been raised in this way. But just as the war is a continuing thing so the savings campaign must be maintained, and during the last few weeks Wellington has failed to reach its quota of £BOOO. No doubt the holiday season 'caused many regular depositors to make a break in then-otherwise goo record, and they will in all probability resume their regular payments in due course. But they should be reinforced by tens ot thousands of people who could well afford to set aside a sum weekly for this purpose. The totalizator figures recorded of .late have shown that there is amp e money about, and in these serious times it is not unreasonable ioi those entrusted with the direction of the Dominion s war effort to ask that people should adopt the practice of saving something and making it available for the furtherance of national security. Dye tendency to leave this sort of thing to others is what hampers the full growtn of the savings movement. The appeal is directed to each individual citizen and should be viewed as a personal responsibility. 1 1 that mci c done then Wellington would quickly pass the moderate weekly quota expected from it.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19430129.2.20

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 36, Issue 106, 29 January 1943, Page 4

Word count
Tapeke kupu
429

HELPING BY SAVING Dominion, Volume 36, Issue 106, 29 January 1943, Page 4

HELPING BY SAVING Dominion, Volume 36, Issue 106, 29 January 1943, Page 4

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert