BRITISH WAR FINANCE
NEW SAVINGS SCHEME GOOD EARLY RESPONSE (British Official Wireless.» Reed. 12 noon RUGBY, Nov. 28. Small investors who have been given the first opportunity in this war of contributing to the national funds have been quick to respond and heavy demands have been made for national savings certificates and the prospectus for defence bonds.
Meanwhile, the formation of new national savings groups is rapidly proceeding. Many large firms which in peace time organised their own saving schemes for their employees are now making arrangements to save for investment in Government securities.
One of the large banks stated that up to Sunday it had issued through its branches defence bonds free of income tax and of which no person can hold more than 50(1, to a totiil value of £3(15,390. The same bank sold 408,8G0 of the 15s unit savings certificates of the new issue.
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Gisborne Herald, Volume LXVI, Issue 20107, 29 November 1939, Page 5
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147BRITISH WAR FINANCE Gisborne Herald, Volume LXVI, Issue 20107, 29 November 1939, Page 5
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