HC Deb 21 May 1867 vol 187 c878

said, he would beg to ask the First Lord of the Admiralty, Whether the Government intend to extend the operation of the Naval Savings Banks to all the ships in the Mediterranean Squadron, and to the Navy generally, and when?


, in reply, said, the experiment of establishing savings banks on board Her Majesty's vessels had been tried with success on board the Victory, Lord Clarence Paget's flag-ship in the Mediterranean. During the first three months of its establishment there were 292 depositors, and the amount deposited upwards of £3,500. The result had been considered so satisfactory by the Admiralty that they had directed the establishment of savings banks on board all the ships composing the Mediterranean squadron. They were not, however, prepared to extend them generally throughout the navy until they had had further experience.