We are very glad - to see Sir Robert Kindersley's statement
that the War Savings organization will be- maintained as a permanent part of our national machinery. His Committee basset up a won- derful network of local Associations and agencies, which have taught the British people to save se-they never saved before. It would have been a deplorable blunder to destroy this organization and leave people once more to face the stolid Post Office Savings Bank. The Government still need vast sums to finance the end of the war and the return of peace. But in the public interest it is even more important that the habit of -saving and investing in national securities should become ingrained in our people as it is in the French. It is most encouraging to know that. the number of holdings of Government securities has increased fiftyfold during the war, and now stands at seventeen millions. The popularity of the War Savings Certificate will be increased by the announce- ment that its term may be extended from five years to ten, with interest at 5 per cent. and a bonus of a shilling at the end, when the original 15s. 6d. will have become 26s.
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