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Gisborne Times, Volume XXIII, Issue 1806, 12 July 1906, Page 2

THE PEOPLE’S MONEY.

Axiom i the Parliamentary papers to hand is tho official statemont showing tho businoss of tho Post Office Savings Bank in Now Zealand. Tho general statement dates back to when tho bank was established in February, 1807, tho table being given from year to year up to the 3 Ist December last.

Gisborne has the least numbor of Post I Ollico Savings Banks of any postal district in the colony, tho number being six, Hokitika coming next with seven, while Auckland heads the list with 121. Wellington is a poor j second with 73, Christchurch Go, Dunedin 52, Wanganui 33, Invercargill 28, Napier 27, Thames IS, Westport 17, Nelson 10, Timaru 14, New Plymouth and Greymouth each 11, and Oamaru 10. But for the year Gisborno was able in excess of deposits to boat tho goldfield districts of Hokitika, Thames and Westport. The following Tshillings and pence being omitted) shows the amount of deposits and v> ithdrawals during the year in the different districts, with tho excess of deposits over the withdrawals : With- Excess of

Deposit* tlnurals Deposits Auckland .6980,947 £901,120 £79,826 Blenheim 112,977 94,7.74 18,222 Christch’oli 1,202,388 1,089,239 113,148 Dunedin 935,313 840,826 94,487 I Gisborne 118,077 111,584 0,493 Greymouth 109,708 98,260 16,537 Hokitika 27,406 28,685 720 Invercargill 253,943 224,187 29,755 Napier 299,023 259,320 40,302 Nelson 180,176 156,560 23,616 N. Plymouth 144,124 135,126 8,997 Oamaru 103,721 89,538 14,183 Thames 154,816 149,363 5,452 Timaru 222,489 201,627 20,862 Wanganui 307,285 279,676 27,608 Wellington 1,402,090 1,262,610 139,473 Westport 70,503 68,695 1,868 Tho number of deposits received dur ing the yoar at tho 520 postal districts was 509,112, amounting to £G, 625, 741 Os lOd ; average, £l3 0s 3d; number of withdrawals, 306,022, amounting to £5,984 12s 2d, giving an average of £l7 5s Hd.

The average amount standing to the credit of each account varies from £4l Os 2d at Hokitika to £24 10s lid at Gisborne, which may bo taken to prove that in Gisborne ample investment can be found at more rates than offered by the Savings Banks. As an example in Gisborne many people have built nice homes for themselves, either paying in full or by instalments through the building societies or otherwise. Only in six years since the bauks were established have the withdrawals exceeded the deposits, the worst period being 1888, when there was £117,245 more withdrawn than deposited. In 1875 the excess of withdrawals was £72, LOG; 1870, £82,140; 1879, £08,781; 18SG, £87,881; and 1894, £15,702. The following table gives the amount of deposit withdrawals, and total credit for each year, back to the initial stage ; Deposits Withdrawals T’t’l credit 1005 £0,025,744 £5,984,184 £8,002,028 1904 , 5,880,540 5.604.770 7,701,882 1908 5,061,592 55148,828 7-888.681 1902 5,009.019 4,708,771 /i,888,787 1901 4,011.450 4,280,198 /0,850,018 1900 4,170,428- 8,827,410. 5,809,552 1899 0,044,980 • 3,417,298 '■ 0,320,870 1898 3,279,011 3,194,890 4,957,771 1897 3,187,219 2,891,558 4,744,924 1890 2,881,152 2,591.558 4,311,004 1895 2,794,500 2,009,380 0,895,540 1894 2,252.862 2.208,624 8,340,879 1893 2.380.089 2.122.521 3,241,993 1892 1,878,270 1,821,348 2,803,670 1891 1,842.897 1,093,515 2,095,447 1890 1,058,543 1.500.407 2,441,870 1889 1.515.281 1.457,081 2,191,451 1888 1.541.747 1,087,471 2,048,441 1887 1.312.151 1,182,409 1.813,084 1880 1,248.405 1,330,287 1.015.979 1885 1.341.001 1,204,305 1,038,035 1884 1.227.909 1,195,931 1.499.112 1883 1,178,474 1,295.719 1,409,751 1882 1,325,852 1.242,599 1,170,950 1881 1.189,012 902,195 1,232,787 1880 804,441 780,504 903,705 1879 812,399 870,180 787,005 1878 702,084 742,053 819,071 1877 081,294 067,023 707,375 1870 004,134 696,284 723,910 1875 057,653 729,759 727,295 1874 699,249 020,155 770.830 1873 580,542 425,008 004,807 1872 430,877 313,176 490,000 1871 312,388 261,347 357.654 1870 204,328 209,509 295,372 IH//9 240,898 180,518 231,311 1808 194,585 107,094 103,518 1807 90,372 26,115 71,197 The cost of management has sfccdii.y gone up from £789 until last year it reached £16,500, ljjyre than double the cost in 1897.