§ Mr. RHYS DAVIESasked the Financial Secretary to the Treasury what sum represented one-fifth of any surplus of income on the Post Office Savings Bank for the year 1929 retained as a provision against depreciation, the amount of the remainder paid to the Exchequer for that year, and the amount of any loss, both on income and capital value, sustained on these transactions for each of the last 10 years?
§ Mr. PETHICK - LAWRENCEThe surplus of income as shown by the figures given in answer to the hon. Member's question of 7th May was £4,125,000; of this sum the provision for depreciation was £825,000 and the balance was payable to the Exchequer. There has been no loss on income or capital value during the last 10 years, but there is a deficiency on capital account of about £35,000,000.