HC Deb 18 April 1929 vol 227 cc404-5

asked the Chancellor of the Exchequer if he can furnish details of the increase of £170,000,000 in the savings of small investors, showing how those savings are distributed between the Post Office Savings Bank, trustee savings banks, national savings certificates, railway savings banks, and co-operative, building, provident, friendly, collecting, and industrial assurance companies?


With the hon. Member's permission I will circulate the details in the OFFICIAL REPORT.

Following are the details:

The details of the increase of approximately £170,000,000 are as follow. In the case of the building societies, the figure given for 1928 is provisional, and for the Industrial and Provident Societies and Railway Savings Banks the latest figures available are those for 1927. No account has been taken of the growth of funds of Friendly and Collecting Societies or of Industrial Life Assurance.

1924. 1928.
£ millions £ millions.
Post Office Savings Bank (Great Britain). 269 280
Trustee Savings Banks (including stock held For depositors), 138 159
National Savings Certificates (including accrued interest). 459 483
Railway Savings Banks 14 16
Industrial and Provident Societies. 87 101
Building Societies (shares, deposits, etc.) 137 235
Yorkshire Penny Bank 29 28
Total 1,133 1,302