Post Office Savings Bank.

Thames Star, Volume XIV, Issue 4436, 24 March 1883, Page 2 (Supplement)

Post Office Savings Bank.

The returns of the Savings Bank branch of the Post office for the district of Thames for the year ending 31st Dec, 1882, have just been banded to us. and shew a satisfactory increase on the business transacted during the previous year. For 1881 the deposits, with the balance from the foregoing year, amounted to £54,188 9s 7d, acd the interest paid theron reached the sum of £1290 19s 7d. These figures were looked upon as very satisfactory, seeing that in the period for which the figures were taken, great commercial depression existed throughout the colony, and mercantile failures fell thick and fast on each colonial town. The withdrawals for the year were £20,424 14s 4d, thus leaving a balance in the bank on the 31st Dec, 1881, amounting to £35,054 14s lOd. Commencing with this sum the year 1882 has been an improve* ment on its immediate predecessor, and a glance at the figures may be of ibterost to our readers. The total amount deposited during the 12 months was £27,512 0s 2d, which added to the sum above given as the balance from the previous year and the interest paid on deposits gives the sum of £62,666 15s as the amount which passed through the bank during last year. Of this sum there was withdrawn £27,056 8s 3d, leaving a balance to the credit of depositors of £37,039 3s Od. It will be seen that this balauce exceeds that of the year before by £1984 8s 2d, which is a very satisfactory increase for the year. The gradual improvement in business during the past year thus manifests itself, and shews that the clowd which passed over us is lifting, and we are returning to the prosperity from which it was our misfortune to, for a time, depart. The habits of thrift which exist in the people are clearly demonstrated by the statement, and we may look forward to much better times if this year's returns shew a corresponding increase in the deposits made, _ „_,