25 NOVEMBER 1922, Page 3

On November 1st the National Savings Committee announced that the

sales of certificates had reached a total of £600,000,000. The first hundred million was reached on April 30th, 1917, fourteen months after the inauguration of the scheme. The last hundred million was sold in the shortest period, though this was largely accounted for by the haste of people to buy just before April 1st, when the price of the certificates was raised from 15s. 6d. to 16s. Having reconciled itself to the higher price, however, the public is now buying as freely as ever. Thee results are truly magnificent. We heartily congratulate the National Savings Committee. It has taught the British people the habit of thrift. The amount now invested in certificates almost equals the National Debt before the War.