HL Deb 31 March 1947 vol 146 cc947-8

The following is the Table referred to by Lord Ammon on March 25 [OFFICIAL to

NATIONAL SAVINGS COMMITTEE. GROSS AND NET SAVINGS: QUARTERLY STATEMENT.
— Purchases and Deposits £ million. Encashments and Withdrawals £ million
April-June July-September (revised). October-December (provisional) April-June July-September (revised). October-December (provisional)
National Savings Certificates 35.5 32.8 42.4 37.9 32.2 33.0
Defence Bonds 103.5 23.2 36.2 7.7 9.7 10.2
Post Office Savings Bank 113.6 121.7 112.3 108.0 104.7 105.2
Trustee Savings Banks 61.5 62.0 69.1 52.5 49.1 55.1
Totals 314.1 239.7 260.0 206.1 195.7 203.5

The following are estimates of accrued interest:

— April-June. July-September. October-December.
National Savings Certificates … … … 13 14 15
Post Office Savings Bank … … … … 10 11 11
Trustee Savings Banks … … … … 4 4 4
Totals … … … 27 29 30

Notes:

  1. (1) The figures for encashments of Savings Certificates represent principal only. Accumulated interest on the holdings repaid amounted to £6 million in the April-June quarter, £5 million in the July-September quarter, and £6 million in the October-December quarter.
  2. (2) The figures for the Post Office Savings Bank exclude Services Release Benefits Accounts.
  3. (3) The figures for Defence Bonds encashments exclude £8.3 million repaid on maturity in the October-December quarter.
  4. (4) As regards Savings Certificates the figures of accrued interest represent the increase in each quarter in the estimated amount of the interest due on Savings Certificates remaining invested. As regards the Post Office and Trustee Savings Banks, the figures represent the estimated interest due on the outstanding balances at the end of each month, interest on the balances in Services Release Benefits Accounts being deducted.

REPORT: Vol. 146, No. 50] in his reply to a question by Lord Hawke: