HC Deb 27 February 1902 vol 103 cc1424-5

Order read for resuming further considerations of Fifth, Sixth, and Seventh Resolutions.

Question again proposed, "That this House doth agree with the Committee in the Fifth Resolution, 'That a sum, not exceeding £48,941, be granted to His Majesty, to defray the charge which will come in course of payment during the year ending on the 31st day of March, 1902, for making good deficiencies on the Income Accounts of the Funds for Trustee Saving Banks and Friendly Societies.'"

MR. O'MARA (Kilkenny, S.)

said he wished to ask the Chancellor of the Exchequer when he intended to appoint the Committee he promised the other evening. He hoped it would be appointed as soon as possible, as its deliberations were likely to be prolonged. He did not agree with the view put forward by his hon. friend the Member for North-East Cork the other evening when he recommended the Chancellor of the Exchequer to reduce the amount of interest paid to depositors in savings banks. Even at some cost to the State, depositors in savings banks should be encouraged to continue to save up for their old age. While people were waiting for old age pensions—and they were likely to wait a long time—the State should encourage thrift as much as it possibly could.


I propose to put the Notice on the Paper as soon as I see any chance of bringing it on.

Question put, and agreed to.

Sixth and Seventh Resolutions agreed to.