NATIONAL SAVINGS CAMPAIGN.

Wairarapa Times-Age, 26 October 1940, Page 6

NATIONAL SAVINGS CAMPAIGN.

JN all the countries that are fighting to cleanse the world of totalitarian aggression and to re-establish democratic liberties on a firm foundation, the process of national saving takes an important and helpful part in the general war effort. Contributing in the first place to the funds that are needed vitally for war expenditure, methodical saving serves other excellent purposes as well. It tends definitely to stabilise price lewis and to check inflation and so to safeguard the interests both of the community at large and of individuals. Money that can fairly be saved now will have a better purchasing power, other things being equal, when peace has been restored and the demands now made on specialised war production have been relaxed. If it is to serve its full purpose and produce the best results, national saving during the war period must be as nearly as possible universal. In New Zealand provision has been made for compulsory war loan contributions by individuals paying more than £5O a year, or companies paying more than £OO a year, in income tax. An appeal is made to all other members of the community to save what they can voluntarily. Convenient means of doing this are offered in the provision of National Savings Investment Accounts and the issue of National Savings Bonds. It is very much in the interests equally of the Dominion and of individuals that the widest use should he made of these facilities. Small savings methodically accumulated throughout the community are capable of reaching large total figures, as has been demonstrated impressively of late in Britain, Australia and elsewhere, and this type of saving is of the highest importance as if bears on the stabilisation of prices and the prevention of inflation. -Judicious saving by individuals need interfere little with the most useful and necessary branches of trade, but, apart from the benefits it offers to those by whom if is practised, it is capable of contributing in a very valuable degree both Io the financing' of the war and to national economic stability.