§ MR. CREMER (Shoreditch, Haggerston)I beg to ask the Secretary of State for the Home Department what rate of interest is allowed by the Bank of England to the Metropolitan Police Receiver for the balance in the bank of the Police Fund Account; what was the amount allowed during the year ending 332 31st March last in respect of such bank interest; and whether such amount can be shown separately in the Metropolitan Police Accounts in April of each year instead of being included under the general heading of miscellaneous receipts.
§ * MR. AKERS DOUGLASThe Bank of England allows no interest on the balance of the Metropolitan Police Fund; but from time to time the Receiver for the Metropolitan Police District, through the agency of the Bank, lends on the market any available balance at the current market rate. For the year ended 31st March, 1903, the total net amount of interest so received was £2,482 17s. 4d. The amount yielded by this source of income will in future be shown as a separate item in the Metropolitan Police Funds.
§ MR. CREMERWhat is the amount generally deposited in the Bank?
§ * MR. AKERS DOUGLASI must ask for notice of that.