As expected the latest return of Post Office and Trustee Savings Bank deposits shows not the sligħtest indication of any diversion of small savings by way of subscriptions to the latest series of National Savings Certificates and "Baby" Defence bonds. The return is made up to November 30 and covers the first week of the "lend to defend" campaign. Deposits in "the Trustee Savings Bank have risen as compared with October 31 from £250,000,000 to £ 251,200,000, and in the Post Office Savings Bank from £547,400,000 to £552,000,000, The combined increase of £5,700,000 to £803,200,000 (including accrued interest) corresponds in fact with a gain of £5,200,000 to £747600000 in November, 1938. A single month's figures, of course, are a very inadequate basis on which to base any conclusions upon the possible reaction of the campaign on such deposits, but so far at any rate is so good.
Text read from the printed page and cleaned; old type leaves the occasional error.