LENDING TO WIN
NATIONAL SAVINGS SCHEME IN BRITAIN SIR R. KINDERSLEY URGES EXTENSION. USEFUL CHECK ON RISING PRICES. By Telegraph—Press Association —Copyright. (Received This Day, 12.45 p.m.) LONDON, January 10. Sir Robert Kindersley, president of the National Savings Committee, broadcasting, disclosed that £53,000,000 worth of saving certificates and Defence bonds had been sold in seven weeks. These must be largely increased in order to prevent a disastrous rise in prices. Some 650 new savings groups are being formed weekly, but all the 530,000 business places in Britain should have a sayings group. Wages had increased by over forty millions sterling and the spending of all this would force up prices, penalising those not sharing in war time increases. “The supply of goods is decreasing," Sir R. Kindersley observed, “but prices can be stabilised if we lend in order to win the war and do no spend to lose it.”
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Wairarapa Times-Age, 11 January 1940, Page 6
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149LENDING TO WIN Wairarapa Times-Age, 11 January 1940, Page 6
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