HC Deb 13 June 1907 vol 175 cc1571-2
MR. GINNELL (Westmeath, N.)

To ask the Secretary to the Treasury if he will state the sums, whether as current balances or otherwise, of £1,000 or more which have rested for one month or more in the Bank of England in connection

Date of Receipt at Bank of England. Date of Withdrawal. Amount. Interest at 2¾ per cent.
1904,25th August 1904, 27th September 1,289 3
1904, 22nd December 1905, 24th January 1,802 5
1905,8th April 1905, 9th to 16th May 287,632 699
1905, 14th April 1905, 16th May 6,369 15
1905, 15th April 1905, 16th May 2,963 7
1905, 12th August 1905, 10th October 301,047 1,720
1905, 14th November
1905, 26th August 1905, 14th November 240,842 1,619
1905, 5th December
1905, 21st September 1905, 5th December 1,066 6
1905, 5th October 1905, 5th to 12th Dec. 144,078 528
1905, 9th November 1905, 12th December 1,007 3
1906, 2nd January 1906, 2nd to 6th Feb. 168,013 442
1906, 6th April 1906, 8th May 79,336 191
£5,238
† See(4) Debates. clxix, 1406

with the financing of the Irish Land Act of 1903, with the amounts of interest which those respective sums would yield at 2¾ per cent. per annum, and the total interest, similarly calculated, from 1st November, 1903, to the present time.

(Answered by Mr. Runciman.) The following statement shows, for the period between 1st November, 1903, and the present date, the sums of £1,000 or more which have rested for one month or more in the Irish Land Purchase Fund in the Bank of England, together with the interest which those sums would yield at 2 ¾ per cent., and the total amount of such interest. In determining the amount remaining in the fund for one month or more, it has been assumed that the withdrawals are taken from the balance which has remained longest on the account.