§ 36. Mr. GODFREY COLLINSasked the Chancellor of the Exchequer what rate of interest is now given to depositors who lodge money in the Post Office Savings Bank; can he say if the amount of money lodged on deposit with the Post Office Savings Bank has increased during the last six months; and, if so, by how much?
Mr. PIKE PEASEThere has been no alteration in the rate of interest allowed on deposits in the Post Office Savings Bank: it remains at 2½ per cent. as fixed by Statute. As regards the amount of money recently lodged, the figures immediately available cover five months, from the 1st January this year to the 31st of May. During this period the balance due to depositors increased by over £6,500,000 as compared with an increase of £1,700,000 during the corresponding period of last year.
§ Mr. GODFREY COLLINSCan the hon. Gentleman say whether, in view of the present value of money, he can see his way to increase the sum allowed to men who deposit money in the Post Office Savings Bank?
§ Mr. SPEAKERThat question must be put to the Chancellor of the Exchequer.