School Savings Bank
“Tucked away in the Education Act is the authority to establish school savings banks,” states the magazine National Education. “The school savings bank scheme as we now know it was introduced in 1934 mainly for the purpose of encouraging thrift among school children. At the end of 1939 there were 764 schools in the scheme; 393,897 transactions had taken place; £38,851 had been deposited during the year; £lll5 in interest had been credited and £67,666 had accumulated to the credit of the children.”
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https://paperspast.natlib.govt.nz/newspapers/ST19400917.2.89.10
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Southland Times, Issue 24233, 17 September 1940, Page 9
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86School Savings Bank Southland Times, Issue 24233, 17 September 1940, Page 9
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