3 JANUARY 1931, Page 7

Popular Thrift The National Savings Movement is about to celebrate

the purchase of the thousand millionth Savings Certificate. Nearly £500,000,000 has been invested in Certificates. The Movement moreover encourages other forms of thrift by means of the Post Office and the Trustee Savings Banks. The returns of the Friendly Societies are similarly encouraging. A correspondent of the Times has given figures showing how greatly their financial reserves have been strengthened. This all seems the more remarkable when we remember the general belief of a few years ago that the Friendly Societies could not survive the competition of Com- pulsory Health Insurance.

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