C IN C CEYLON VISITS ROYAL NAVAL AIR STATION. 11 JANUARY 1945, COLOMBO. LIEUTENANT GENERAL DE' R WEATHERALL, CB, DSO, MC, C IN C CEYLON, PAID A VISIT TO THE HEADQUARTERS OF VICE ADMIRAL CLEMENT MOODY, CB, RN, FLAG OFFICER (AIR) EAST INDIES, WHERE HE MET THE OFFICERS AND MEN OF THE ROYAL NAVAL AIR STATION.

This unpleasant-looking character is called the Squander Bug, and it was created during the Second World War by artist Phillip Boydell, an employee of the National Savings Committee. The cartoon bug appeared in press adverts and poster campaigns as a menace who encouraged shoppers to waste money rather than buy war savings certificates.