Post Office Savings Bank (Dormant Accounts).

HC Deb 26 June 1917 vol 95 cc212-4W

Sir JOHN FLEMING

asked the Postmaster-General if he will furnish, for the information of the House, a statement of the number of depositors in the Post Office Savings Bank whose accounts have remained dormant for twenty years or more; also the total amount of such deposits?

Mr. ILLINGWORTH

The number, amount and average balance of Post Office Savings Bank accounts under £1 in which there have been no transactions for five years are stated annually in the report on the Post Office. On the 31st December, 1915, the number of such accounts was 4,208,411 and the amount £422,874. The average balance was 2s.