Abstract
It is seen that although total savings for 1966 amounted to over £7,000 million, less than a third of this represented savings within the personal sector. During 1965 only about £700 million had been used for the net acquisition of financial assets by this sector (the remaining personal saving being in the form of increased expenditure on such items as housing and stocks of goods). However, whereas the savings of Government, public corporations and companies are generally applied directly to capital expenditure, personal savings applied to the acquisition of financial assets are channelled through the market. Some of the financial intermediaries which mobilise these savings, particularly those which channel funds to business, are briefly reviewed. An increased tendency for persons to invest indirectly through financial intermediaries rather than directly in securities is noted.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Further Reading
Radcliffe Report, Cmnd 827 (H.M.S.O. 1959) ch. IV.
N. J. Gibson, Financial Intermediaries and Monetary Policy (Institute of Economic Affairs 1967).
Norman Macrae, The London Capital Market, 2nd ed. (Staples Press 1957).
E. V. Morgan, ‘Personal Saving and the Capital Market’ District Bank Review (Sep 1967).
Copyright information
© 1969 K. Midgley and R. G. Burns
About this chapter
Cite this chapter
Midgley, K., Burns, R.G. (1969). Channelling Savings. In: Business Finance & the Capital Market. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15309-1_14
Download citation
DOI: https://doi.org/10.1007/978-1-349-15309-1_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-10410-1
Online ISBN: 978-1-349-15309-1
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)