§ MR. MUNTZ
said, the accounts of the Post Office savings banks showed a profit of about £140,000 annually, whereas the accounts of the old savings banks showed an annual loss of between £70,000 and £80,000. He wished, therefore, to ask Mr. Chancellor of the Exchequer, Whether, viewing the great annual loss sustained by the excess of interest paid to the Trustees of the Savings Banks, he is prepared to consider the desirability of taking steps to prevent future deposits except at a reduced rate of interest?
§ THE CHANCELLOR OF THE EXCHEQUER,
in reply, said, that the Government had not prepared any measure bearing on this subject; and, considering the late period of the Session and the state of Public Business, they could not hold out any hope of dealing with the question this year.