§ 60. Sir F. Sandersonasked the Chancellor of the Exchequer to what extent bank deposits, owing to the reduction of the maximum rate of deposit interest from 1913 1 per cent. to 1½ per cent., are being transferred to the Post Office Savings Bank; and with a view to attracting bank deposits into long-term Government loans, will he consider the desirability of a reduction in the rate of interest on Post Office sight deposits.
§ Mr. DaltonThere is no evidence of any such transfers. In reply to the second part of the Question, I would refer the hon. Member to the answer which I gave him last Thursday.