§ Mr. Moss
Can the right hon. Gentleman say why no change has been made in the interest payable on small savings such as are placed in the Post Office Savings Bank, since the decline in the internal purchasing power of the £, plus the decline in the real value of the interest paid, means that a person who saved £1 in 1938 has, in fact, lost 4s.?
§ Mr. Powell
Interest on £1 deposited in the Post Office Savings Bank in January, 1946, and left to fructify would now amount to 5s. 6d.
Would my hon. Friend say what would have happened to that investment if it had been in Daltons?