SAVINGS BANK
INCREASED DEPOSITS. HIGHER CREDIT BALANCE Per Press Association. DUNEDIN, Jan. 20. The figures of the Post Office Savings Bank for the year show an increase in the number of accounts withdrawn, but this is more than counter-balanced by the heavier deposits, which show a rise of £361,003 on 1936 to £2,498,018. The excess of deposits over withdrawals at £257,662, shows an almost 100 per cent, advance bn the 1936 returns. The average to the credit depositors for 1937 amounted to £'7 6s Id, an increase of £1 16s 5d over 1936.
The number of new accounts rose by 764 to 7444. The number of accounts open as at December 31 was 66,215 as against 64,398 for 1936. The credit balance as at Decembei 31 was £5,118,771, as compared with £4,861,015 for the previous year.
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Bibliographic details
Manawatu Standard, Volume LVIII, Issue 44, 20 January 1938, Page 8
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136SAVINGS BANK Manawatu Standard, Volume LVIII, Issue 44, 20 January 1938, Page 8
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