POLAND’S NEW MEASURE TO FORCE SAVINGS
LONDON, Jan. 29.
Under a new Bill making saving compulsory, all Polish citizens, earning more than £l5O yearly must deposit in State and municipal banks a sum varying from 3 per cent, for those earning £l5O, and 11 per cent, for those earning £6OO yearly, says The Times Warsaw correspondent. Persons earning more than £6OO yearly must save from one-tenth to one-fifth of their yearly income.
The Finance Minister said the Bill aimed at making saving a habit, and at inducing hoarders to put theii money into circulation.
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Grey River Argus, 30 January 1948, Page 5
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94POLAND’S NEW MEASURE TO FORCE SAVINGS Grey River Argus, 30 January 1948, Page 5
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