§ 5. Mr. GORDON MACDONALDasked the First Lord of the Admiralty the profit made by the Naval Savings Bank in the past 12 months; what is the rate of interest paid; and whether the depositors have any voice in the special grants made from the profits for the improvement of recreational facilities and in aid of the Royal Naval Benevolent Trust?
Captain WALLACEThe profits for the financial year ended 31st March, 1931, the latest date to which figures are available, Amounted to £13,292. Interest on Naval Savings Bank deposits is paid at the rate of 2½ per cent. per annum. The answer to the last part of the question is in the negative.