NATIONAL SAVINGS

Wairarapa Times-Age, 7 October 1941, Page 5

NATIONAL SAVINGS

MAGNIFICENT EFFORT IN BRITAIN THOUSAND MILLIONS RAISED. KING’S CONGRATULATIONS. (British Official Wireless.) (Received This Day, 9.55 a.m.) RUGBY, October 6. The raising of £1,000,000,000 in the War Savings Campaign was celebrated by a luncheon given by the Chancellor of the Exchequer, Sir Kingsley Wood. A message from the King, congratulating the committee of the savings campaign, was read, in which his Majesty recalled that, eighteen months ago, he sent a message on the occasion of the first £100.000,000 being completed. Speaking at the luncheon, Sir Kingsley Wood recalled that the magnificent total now reached had been attained by small savings and represented an amount equal to £2O per head of the population. Remarking that a true comparison with the last war was not easy, because the campaign was not under way until 1916, he reminded his audience that by the end of 1918 about £274,000,000 had been subscribed by small savers and said the result now reached more than matched the higher cost of the present war over the last. While congratulating the small savers of the country on reaching this vast sum within two years, the Chancellor said he regarded it as no more than the first instalment.