§ SIR JAMES RANKIN (Herefordshire, Leominster)I beg to ask the Secretary to the Treasury, as representing the Postmaster-General, what is the cost per £100 of deposits of the management of the Savings Bank Department.
§ MR. HANBURYThe rate per cent. of expenses of management of the Post Office Savings Bank to the total amount standing to the credit of depositors was in 1897 7s. 9¼d., if the amount expended on buildings during the year be included, and 7s. 6¾d. if that amount be omitted, but interest thereon added at the rate of 5 per cent. The rate per cent. of expenses of management for the year 1898 cannot yet be stated, but will, it is estimated, be slightly less than in 1897.