HC Deb 02 May 1935 vol 301 c560W
Mr. RHYS DAVIES

asked the Postmaster-General whether he will consider amending the regulation which restricts to a maximum of £500 the sum which may be deposited by a client at the Post Office Savings Bank in one year; and why such a restriction is now imposed?

Mr. CHAMBERLAIN

I have been asked to reply. The effect of the restriction is to prevent the use of the Savings Banks by large depositors for whose benefit they are not intended, and I see no case for increasing the present limit.