HC Deb 14 July 1902 vol 111 cc108-9
MR. WEIR

To ask the Secretary of State for India, in view of the fact that deposits in the postal savings banks of India are not invested in the purchase of securities, but held as part of the balances available for the general purposes of the Government of India, will he state where the balances are lodged, and what percentage would be available on demand.

(Answer.) The balances of the Government of India are held in the Public Treasuries and in the Presidency banks. They are all at the free disposal of the Government of India, and they exceed by several millions sterling the amount of the balances at the credit of depositors in the Post Office Savings -Banks.—(India Office.)