HC Deb 24 June 1889 vol 337 cc533-4
MR. HOWELL (Bethnal Green, N E.)

I beg to ask the Postmaster General whether his attention has been called to the application made by the Steam Engine Makers' Association more than two months ago to be allowed to deposit certain funds in the Post Office Savings Bank separately, as a separate fund, to be used for the superannuation of aged members; and, whether consent has been given for the investment of the funds of this society as applied for; and, if not, whether he will state the reasons for the refusal?

* THE POSTMASTER GENERAL (Mr RAIKES,) University of Cambridge

The application to which the hon. Member refers has been before me, and in reply to his question I can only state, as I stated in answer to a similar question which he addressed to me on the 19th March, "that the Savings Bank Regulations do not permit any person or society to have more than one account." Although, as I stated on the former occasion, for my part I can see no reason why this rule should not be relaxed in the ease of any society empowered to deposit funds without limit in the Savings Bank; and I may repeat that when the Regulations of 1888 were under consideration, I was anxious to make such exemption.