HC Deb 15 July 1919 vol 118 c208
56. Mr. S. SAMUEL

asked the Chancellor of the Exchequer, in connection with the Municipal Savings Bank Act, 1916, which municipalities have established savings banks under this Act; what are the amounts received by each on deposit; what interest they have paid; and what has been the cost of administration in each case?


The Birmingham Corporation is the only municipality which has established a savings bank under the provisions of the Municipal Savings Banks Act, 1916. From the opening of the Savings Bank on the 29th September, 1916, up to the 31st March last, £520,815 had been received from depositors, of which £327,983 remained on deposit at the latter date. The total amount of interest allowed to depositors to that date was. £13,276, and the total cost of administration £8,545.