TREND OF PROGRESS

Taranaki Central Press, Volume IV, Issue 423, 3 May 1937, Page 5

TREND OF PROGRESS

Savings Bank Figures Increase Press Association—Copyright. Wellington, May 2. *T want to quote figures to illustrate the fact that the coutnry is.- in a better position than a year or two ago, though we all feel that, of course,” said ’the acting-Premier, Hon. P. Fraser, when opening the Wellington Coronation Show on Saturday night. Exports during the 12 months ended March 31, Mr Fraser said, amounted in value 'to £60,235,000, compared with £49,676,000 in the 12 months ended March 31, 1936. Imports amounted in the 12 months ended March 31 to £47,621,000, compared with £37,440,000 in <the previous. l 12 months. Savings bank business was another indication of the trend of progress. Deposits for the year ended March 31 were £30,677,000, and withdrawals £27,042,000, an excess of deposits of £3,635,000. The amount standing at the credit of savings bank depositors at March 31, 1936, was £52,916,000, "With the excess of-deposits, and interest on March 31, amounting to £1,514,000, the amount at March 31, 1937, wag £58,065,000, an increase of £5,149,000 over the 12 months.