London Regional Savings Committee

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London Regional Savings Committee

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        The constitution of the National Savings Committee states that its aim was to "educate the public to save for the benefit of the individual and the country". It aimed to achieve this through investments in national savings securities, the post office and trustees savings banks.

        Regional savings committees were set up to further these objectives on a local basis, the boundaries of the committees being determined by the National Committee. The main function of the regional committee was to act as a link between the local savings committees in the region and the National Committee.

        The London Regional Savings Committee was set up in 1916. It consisted of a chairman, who was also the region's representative on the National Committee, representatives of the local committees, who were also on the National Committee, elected members of the districts into which the region was divided, and the chairman of the regional sub-committees.

        The LRSC set up a series of standing sub-committees to establish links and promote savings and investment in such areas as schools, streets and villages, trade unions, and places of employment. The committee was finally wound up in April 1978.

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