§ MR. TULLYI beg to ask Mr. Chancellor of the Exchequer whether he can state when it is proposed to reduce the rate of interest on deposits in the Post Office Savings Bank; and what will be the amount of the yearly reduction of interest in the case of the depositors residing in Ireland, and whose deposits are lodged in Irish Post Office Savings Banks.
§ * THE CHANCELLOR OF THE EXCHEQUER (Mr. RITCHIE,) CroydonI am not at present in a position to make any definite statement, but I hope to be able to introduce a Bill upon this subject early next year. I may, however, say that if the recommendation of the Select Committee in favour of a reduction of interest of one-eighth per cent. Per annum is carried out, the reduction in respect of the amount to the credit of depositors on accounts opened at Irish post offices would be about £10,500.