POST OFFICE DEPOSITS.
A WONDERFUL RECOVERY. |
HON. MR ALLEN'S VIEWS.
[Br TELEGRAPH.—PE.ESS ASSOCIATION.]
Dunedin. This Day. *
The Ken. Mr Allen, Minister for Finance, states that the Post Office Savings Bank has made an astounding recovery in the ratio of deposits to withdrawals as compared with this time last year. There wa3 a tremendous drop in deposits before the present Government came in. Probably the raising of interest to 32 per cent, had something to do with the recovEryj but tha improved state of affairs was not due to that alone. He attributed it mainly to the strike effects dying out, and the general firming of the Dominion's business and tha undoubted fact that people now had more confidence in the country and the Government that controlled the country's affairs.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/KCC19140418.2.26
Bibliographic details
Ngā taipitopito pukapuka
King Country Chronicle, Volume VIII, Issue 661, 18 April 1914, Page 5
Word count
Tapeke kupu
129POST OFFICE DEPOSITS. King Country Chronicle, Volume VIII, Issue 661, 18 April 1914, Page 5
Using this item
Te whakamahi i tēnei tūemi
Waitomo Investments is the copyright owner for the King Country Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Waitomo Investments. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in