Rebuilding Britain 8 0

Cover Rebuilding Britain 8 0
Rebuilding Britain 8 0
Alfred Hopkinson
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It was estimated that at the end of the year 1917Government securities had been distributed among no fewer than 16million persons, including 10 million holdings of War SavingsCertificates. [8] It was further estimated that "during 1917 over 51millions were contributed to the Post Office issues of War securities, which, together with the net value of nearly 64 millions from WarSavings Certificates and an increase of deposits over withdrawals in thePost Office Savings Bank of no less than £5, 683..., 000, provides in all asum of £120, 723, 000 odd, the total contributions of small investorsduring the year. " Since the beginning of the War the contributions ofsmall investors already amount in all to a grand total of about£253, 000, 000.
Care in expenditure and a habit of saving will, in view of the financialposition after the War, be alike necessary; the nation cannot affordwaste in any form; after the War, as well as during the War, thenational welfare demands that any balance beyond what is required forhealthy life should be saved and made available to meet the nationalneeds, including not only the fulfilment of the national obligations, which is an imperative condition for the maintenance of credit andprosperity, but also the provision of the means for future betterment, material or moral.


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