§ 93. Mr. HANNONasked the Postmaster-General whether the values of the securities held by the Commissioners for the Reduction of the National Debt on behalf of the Post Office Savings Bank, which are set forth on page 3 of House of Commons Paper No. 127, dated 26th June, represent the nominal values of these securities, their market values on 31st December, 1918, or their values at the original purchase price; and if he can state what are the amounts of these three values respectively?
Mr. YOUNGThe values given are the nominal values, the Table in question being directed, as stated therein, and as prescribed by Section 9 of the Savings Banks Act, 1904, to show the nature and amount only of the securities held. The security for the Post Office depositors is the Consolidated Fund of the United Kingdom, and is in no way affected by the market price from time to time of the investments held for the Post Office Savings Bank Fund.