Mr. BOTTOM LEYasked the Financial Secretary to the Treasury what has been the average balance standing to the credit of the Prize Court Fund during the period of March, 1919–20; in what bank it is deposited, and what rate of interest is paid upon it?
§ Mr. BALDWINThe average balance to the credit of the general Prize Court68W Fund, which is kept at the pay office, is about £11,000,000. It is not yet possible, pending adjudication, to say how much of this balance may be ultimately due to the Naval Prize Fund, to which considerable sums have already been paid. The balance in the Naval Prize Fund is invested by the Admiralty and earns interest pending distribution which will commence shortly.