Windback Wednesday - War Savings Street

During the Second World War the Australian Government created a means for the public to support the war effort at a low cost that would also be of benefit to them in the future. These were called were War Savings Credits, which were a form of war bond. These bonds could be purchased for a small amount of money and redeemed after seven years for the amount printed on the certificate. These could be bought for as little as three shillings (approximately $19.64 today) and cashed in for five pounds (approximately $613 today) at the end of the bond period. Signs like the one pictured were used to advertise the scheme, where streets of residents would contribute to buy multiple bonds together to support the war effort overseas.

Photo: War Savings Sign in the Burnside Treasures Cabinet in the Local History Room at the Burnside Library.