HC Deb 30 July 1925 vol 187 cc634-5
59. Colonel WOODCOCK

asked the Postmaster-General what is the estimated cost of each transaction in the Post Office savings bank as compared with the figure of 4¾d. stated by the Postmaster-General on 3rd November, 1911?

The ASSISTANT POSTMASTER-GENERAL (Viscount Wolmer)

The estimated cost of each transaction, for the year 1924 was 9.01d., as compared with the 4¾d. mentioned for 1911. The figure has been steadily falling since 1921. I may mention that the expenses of management amounted in 1924 to 9s. 3d. per £100 of the total amount standing to the credit of depositors, as compared with 7s. 2d. in 1911.

Colonel WOODCOCK

Is that 9d. each way?

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