Sa t £131,000,000 Mark Passed At End of July, States President of Movement
Facts and figures illustre e London, A development of the voluntary savings movement in Britain were given statement last night by Sir Robert idersley, president of the War vings Committee.
He dealt particularly with the purchase of war savings certificates (value 15s each) to which small wage earners more than any other subscribe, largely by the group system. and of which a total of more than £131000,00 had been subscribed by the end of July.
Sir Robert, said: "This is essentially a voluntary movement. I, its president. am unpaid. There are 1200 local committees, all voluntary. and at least 250,000 unpaid helpers throughout the country. We decided.|last November to concentrate our campaign on forming groups as a basis on which to build the foundations of the movement. In three weeks, perhaps less, we shall have reached, including Scotland, a figure of 150,000 groups—three and a half times as great as when we started in November, when we had 41,000
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groups.
"This figure can and must be increased, but it is really a broad basis. Our total membership amounts to over 10,000,000. When you add to this 12,000,000 Post-Office Savings Bank accounts and 3000000 trust savings banks accounts, nobody can say this country is not now fairly well organized for saving. But there is much more to do."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.