P.O. SAVINGS BANK.

Taranaki Daily News, 1 August 1921, Page 5

P.O. SAVINGS BANK.

AND WITHDRAWALS. NEW PLYMOUTH FIGURES.The Post Office Savings Bank returns published in last week’s Gazette show that for the quarter ending June 30 last the deposits totalled £8,220,843 and the withdrawals £7,945,158, showing an excess of deposits of £275,685 only, as against 8n excess of deposits of £1,166,037 for the corresponding quarter of 1920, when the deposits amounted to £9,025,516 and the withdrawals to £7,859,479. The heaviest withdrawals during the past quarter were in Auckland (£104,286), Nev; Plymouth (£21,969), Napier (£15,699) and Blenheim (£17,940). In Wanganui, Nelson, Oamaru and Dunedin the vzithdrawals were only slightly in excess of the deposits. All other districts showed an excess of deposits. In several cases the excess of deposits oyer withdrawals is considerable. In Christchurch, for example, it is £121,088; in Hamilton, £143,949; Wellington, £66,813; and in Timaru, £44,140. The considerable drop in the excess of deposits for the June quarter of this year, as compared with the June quarter of 1920, |is attributed to the large amount of debentures, totalling over a million and a 'half in all, put on the market by farmers’ co-operative societies and other large concerns.