Lieut.-Colonel BUCKLEYasked the Chancellor of the Exchequer what is the amount of deposits in the Post Office Savings' Bank; whether these deposits are on the increase; and whether he has considered the advisability of raising the rate of interest allowed by the Post Office Savings' Bank and of reconsidering the conditions of deposit?
Mr. CHAMBERLAINThe deposits in the Post Office Savings' Bank are now approximately £261,000,000, as compared with £186,000,000 in July, 1914, and £234,000,000 at the end of 1918, a note-worthy increase, in view of the many other attractive forms of investment for small investors devised during the War. As I have stated on many occasions, I am not prepared to introduce legislation to raise the rate of interest payable to depositors.
Lieut.-Colonel BUCKLEYasked the Chancellor of the Exchequer what is the amount of deposits in the Trustee Savings' Bank?
Mr. CHAMBERLAINThe amount standing to the credit of depositors in Trustees' Savings Banks at the end of September was £73,093,216.