HC Deb 18 May 1899 vol 71 c926
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. HANBURY

The 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.