HC Deb 17 December 1946 vol 431 cc1762-4
47 and 48. Sir William Darling

asked the Chancellor of the Exchequer (1) it he will state from 1939 the total amount of savings in Scotland through the Post Office Savings Bank;

(2) if he will state from 1939 onwards, the total amount of Scottish Savings Certificates, bonds and loans; and the cost per cent. of the collection of these.

The Chancellor of the Exchequer (Mr. Dalton)

As the reply contains a number of figures, I will, with permission, circulate it in the OFFICIAL REPORT.

Sir W. Darling

Could the Chancellor of the Exchequer from the large number of figures which he is providing give some indication of the scale of Scottish savings as against previous years—year by year? Are they rising or falling?

Mr. Dalton

All these indications are given in detail in the answer that I pro-

The figures given below cover the period from 21st November m each year, beginning with the 21st November, 1939, to the 20th November in the subsequent year, both days inclusive. Since 1939, this period has been adopted by the Scottish Savings Committee as its "Savings Campaign Year" and all statistics have been calculated by reference to it
Net Increases in Post Office Savings Bank Balances (Deposits less Withdrawals) in Scotland.
£
Year ending 20th November, 1940 … … … 3,208,000
Year ending 20th November, 1941 … … … 7,950,000
Year ending 20th November, 1942 … … … 8,953,000
Year ending 20th November, 1943 … … … 11,507,000
Year ending 20th November, 1944 … … … 11,685,000
Year ending 20th November, 1945 … … … 9,443,000
Year ending 20th November, 1946 … … … 4,354,150
£57,300,150
Total Subscriptions in Scotland of National Savings Certificates, 3 per cent. and 2½ per cent. Defence Bonds, and "Tap" Loans.
— National Savings Certificates. 3 per cent. and 2½ per cent. Defence Bonds. 2½ per cent. National War Bonds. 3 per cent. Savings Bonds. 1¾ per cent. Exchequer Bonds.
Year ending 20th November, £ £ £ £ £
1940 16,597,198 18,841,343 23,292,200 — —
1941 19,444,441 20,290,225 53,241,309 35,401,555 —
1942 20,342,654 15,642,271 30,396,657 43,132,910 —
1943 26,186,195 14,710,515 46,735,093 38,246,669 —
1944 23,131,377 14,813,080 41,182,754 32,615,240 151,750
1945 17,383,911 17,586,195 23,602,820 78,684,879 918,049
1946 13,572,707 27,685,150 7,061,225 13,849,960 —
136,658,483 129,568,779 225,512,058 241,931,213 1,069,799
Total … £734,740,332.
Net Increases in Balances (Deposits less Withdrawals) in Scottish Trustee Savings Hanks.
Year ending 20th November, 1940 … … … 5,753,097
Year ending 20th November, 1941 … … … 13,421,878
Year ending 20th November, 1942 … … … 14,519,058
Year ending 20th November, 1943 … … … 19,532,514
Year ending 20th November, 1944 … … … 21,007,554
Year ending 20th November, 1945 … … … 19,617,218
Year ending 20th November, 1946 … … … 16,478,486
Total … … … £110,329,805
The annual expenses of the Scottish Savings Committee for each financial year ending 31st March as shown in the Committee's Appropriation Accounts are as follows:—
£
1939/40 … … … … … … 17,208
1940/41 … … … … … … 35,772
1941/42 … … … … … … 45,904
1942/43 … … … … … … 52,745
1943/44 … … … … … … 55,138
1944/45 … … … … … … 58,871
1945/46 … … … … … … 53,860
These expenses have not been expressed as a percentage of Savings Certificates Bonds and loans collected as an estimate of costs of collection should allow for the cost of posters and leaflets provided by the National Savings Committee and for services rendered by the Post Office and the Trustee Savings Banks for which separate figures cannot be given.

pose to circulate. Scotland is holding on moderately well; it might do better.

Following is the reply: