§ MR. WHITLEY (Liverpool, Everton)asked Mr. Chancellor of the Exchequer, Whether the rate of interest allowed to depositors in the Post Office Savings Bank will be reduced to £2 5s. per cent per annum on December 31 next; and, if not, what reduction in the rate is contemplated?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's,38 Hanover Square) , in reply, said, it was not proposed to reduce the rate to £2 5s. on December 31. No such reduction could be made without further legislation; but some step in the direction indicated by the hon. Member could not be long delayed.