§ MR. B. L. COHEN (Islington, E.)
I beg to ask the Chancellor of the Exchequer if he can inform the House from what fund was defrayed the excess of interest paid and credited to trustees of savings banks and trustees of friendly societies beyond the interest accruing on securities standing to the credit of the fund for the bank for savings and the fund for friendly societies, and which excess amounted for the year 1894 respectively to £18,777 2s. 3d. and £8,375 3s. 3d.
§ THE CHANCELLOR OF THE EXCHEQUER
Any deficiency of income in respect of savings banks and friendly societies is required by the Act 40 Vic. c. 13, to be voted; and, accordingly, the deficiencies referred to for 1894 were voted by Parliament last August. (See Civil Service Estimates, 1895–6, page 473, Class VI., vote 3.)