A copy of a War Savings Certificate that was issued in Peak Hill. There are two in the display and both were kindly donated to Parkes Shire Library by Joyce Stanford and Judy Barter. War Savings Certificates were a way for the Australian Government to raise much needed funds to support the war, and also for people unable to fight to contribute to the war effort. The best way to explain the concept of a war savings certificate to a younger audience is this - it's like a gift card but with compound interest. These War Savings Certificates were purchased in 1940 for 16 shillings (16s 0d) which is approximately $1.60 in today's currency. After seven years the certificate could be exchanged at the bank of issue for cash - these certificates are for one pound (£1) or approximately $2 today (source Reserve Bank of Australia Pre-decimal Inflation Calculator <a href=
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