SAVINGS IN BRITAIN
VITAL FEATURE OF WAR FINANCE. (By Telegraph—Press Association—Copyright) LONDON, September 10. Speaking in the vote of credit debate in the House of Commons, Mr Pethick-Lawrence (Labour) said: “It might easily come about that, as the last straw breaks the camel’s back, so the last million a day might bring inflation in its course.” He supported very strongly the Chancellor’s request that the savings campaign should continue with redoubled vigour. Captain Crookshank (Conservative) said that in the first eight months of this year, compared with the same period last year, there had been an increase of 244 per cent, in the savings of from bne to five units. Something like 22 per cent of the war borrowings had come from small savings, and that represented roughly one-eighth of the total expenditure. The vote of credit was agreed to.
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Wairarapa Times-Age, 11 September 1942, Page 3
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140SAVINGS IN BRITAIN Wairarapa Times-Age, 11 September 1942, Page 3
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