ADVANTAGES OF THRIFT.
Meanwhile, the worker was being urged to save by public men and by the savings organizations themselves, including the building societies, the Post Office Bank, National Savings Associations, Trustee Savings Banks, and industrial assurance undertakings. The response of the wage-earners was seen in a rise in the total of small savings from £498 millions in 1913 to £2,543 millions at the time of the latest computation. Sir Harold then showed how the building societies had assisted private enterprise in meeting the housing shortage resulting from pre-War uncertainty caused by heavy taxation, and by the cessation of building during the War. Towards the end of his address he discussed the social influence of the small capitalist, pointing out that the thrifty citizen, with a stake in his country, whether through the possession of his awn house or an account with a building society or bank, has a sense of civic responsibility which is proof against irresponsible propaganda. He showed conclusively that the thrift movement (Continued on page 859.)
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