POST OFFICE SAVINGS.

Taranaki Daily News, Volume LII, Issue 22, 19 February 1909, Page 2

POST OFFICE SAVINGS.

ITS OPEIUTIOXS .Full TUE VliAli. IVI'EItESTIXi; FIUUiES. By Telegraph.—Press Association. Wellington, Last .Night. The S.Z. Traili' Peviow, in dealing with the transactions of the Post Office Saving.- Jiank, impresses tiie view thai tin- lavorable terms granted bv the Savings Jjitiik are attracting the'funds ill a. class of depositors for whom it Has not intended, namely, investors of some means. Tin's elass of frails, the lieview adds, may. naturally be attraetoil by mure tempting inveitmcuta, and tlms he withdrawn on a large seale at a time of scarcity. The Government, however, is now obtaining funds from outside the Dominion. The summary of transactions of the Post Ollice Savings Bank is extremely .Interesting, lb shows that deposit continue to he made on a full scale, but .that at the same lime money is now 1,,.!,,,. ,Y,„.1,. „.,'(.l„|. f .1... :...,;

heing, freely withdrawn from that institution. Loiul resources are thus being brought into use. to meet tin: rcipiirements of the community, while the investors are linding more remunerative employment for their funds. The deposits anil withdrawals shown in the return of the Post Ollice Savings Dank during; the last t.'wu years ending

with .'list Deeeniliei- t-oaipaie as follows: I MM)7 Jliii-cli quarter: deposits, i.'2,:i2j,t1!1!); withdrawals, X2,0U0,2jU; rxw-s of deposits, ,a 24,81»; June <jiiUi Lit: C 2.422,441. t2,0:t(i,541 and tSB3,i)UO; No]iti'iuluT (Hiai'ter. C2,:i.'>7,1177, .1'2.U71i,7!W and .1280,881; Decern--1 |iiartcT: C 2.2411.447. £2,011,->Hii ami L2H4.1H1. Total: Deposits .CIUJI, tilil; withdrawal.-, C 5.12.1,12:1: e.seess of deposits. £1,226,341. 11I08—Mlkri'h c|iiaricr: L2.J42,1,55; C2.:(>52,!W.-) ami .Us!>,2j:l; .lime «|iuir-t-cr:

!>:>»: September quarter: U2,31!1.UU7 ami t'2,332.141). December quarter: , C2.2114.ti22 ami >CJ,2SS.(KW. Total: Deposits. .t!>.U74,1>74; withdrawals, ,C!), 417.X>o; excess of deposits, V.2a1i,2»4.

There was an excess of withdrawals ill the September quarter of £12,u3t1, and in the December quarter of .C00,410\