The Archive · 1940

BROADWAY MANSIONS

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Post Office Money deposited in the Savings Savings Banks—whether the Post Office or the Trustee Savings Banks—is money lent to the Government. These Banks are playing an extremely important part in our war effort. A description of the work of the Post Office Savings Bank. by Leon Simon, Director of Savings at the General Post Office, is therefore of special interest. There are nearly twelve million accounts. in the Post Office Savings Bank, with a total balance to their credit of over £570 millions, said Mr. Simon. -Anybody who has an account can go into any one of 18,000 Post Offices all over the count to put money in the Bank or draw it out. Actually the average daily number of transactions is about 150,000. Every one of these is reported to the headquarters of the Bank of London, where all the accounts are kept, and is there entered in the depositor's account. It is this centralized system that makes it possible for the depositor to use his book at any Savings Bank Post Office in the kingdom. The book itself bears the name of the Post Office at which it was issued, followed by a number, and this name and number serve to identify the account. At the Savings Bank the transactions are recorded in what we still call the Ledger Branch, though there are not now any ledgers in the střict sense. Nowdays each depositor's account is kept on a card, with his name and address and a specimen of his signature at the top, and columns for the entry of every deposit and withdrawal he makes. These millions of cards weigh sixty tons. They're stacked in steel trays and arranged in numerical order under the ames of' the offices, which are themselves arranged alphabetically from Abberley, Worcester, to Zetland Road, Bristol. They're spread over seven rooms, mostly more than 300 feet long: but thanks to their arrangement it's easy to find any particular card. So we're able to oblige a depositor who's in a hurry for hi: money, like the one who wrote: require the money urgently, as I'm always falling into arrears: with my landlord." The entries of deposits and withdrawal are made by little typewriting machines, which add up the amounts they record as they go along. Besides recording all the 150,000 transactions every day, we have to satisfy ourselves: that they are all recorded correctly. This involves a complicated process of balancing, for which more elaborate ma chines are used. The documents that come into the Savings Bank every day number about 250,- 000 and in the Sorting Branch hundreds of girls are kept busy sorting' the documents as they arrive and sending them to the appropriate points. In addition to' the depositors'. cards, which are arranged in order of office and number, we have a complete alphabetical index of our twelve million clients, so that we can trace an account from the name and address if the book particulars are not known. There are over a hundred. thousand Smiths and over eighty thousand Joneses in this index. The recording and balancing of transactions are the main operations of the Bank but.they do not by any means exhaust the work of its staff of 5,000 men: and women. There are lots of subsidiary but important operations, arising partly out of the human liability to error. The Adjustment Branch has to put right the occasional mistakes made in reporting deposits or withdrawals. The Lost' Books Branch is kept busy by depositors who lose their books—some 50,000 in a year. It was one of these of whom a Postmaster wrote: "He is a very careless man. He has just lost hìs wife." The Publicity Branch keeps our services' in the public eye. Other Branches deal with periodic payments, changes of name on marriage, disposal of the accounts of deceased depositors, whale hosts of miscellaneous enquiries, and' any complaints that come along. Then there are the Branches which deal with Government Stock, Incluatig Defence Bonds—we have about one-and-a-half million stockholders on our books, Mothers! Look out for the tell-tale signs showing that your child needs a laxative. Maybe it is a simple stomach ache. Maybe it is the beginning of a cold. Watch your child's appetite, too.

More than likely he needs a good laxative.

But be careful, mother! Many laxatives are far too harsh for children—even in small doses. Be safe—give your child Castoria, the laxative made especially for children, Castoria is gentle, safe and sure, It does not gripe, is not habit-forming... and it tastes good.

Children love it. Buy a bottle today.

Text read from the printed page and cleaned; old type leaves the occasional error.

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