HC Deb 17 October 1950 vol 478 cc233-4W
61. Sir W. Smithers

asked the Chancellor of the Exchequer the present amount of undistributed post-war savings; and how many persons bold these savings.

Mr. Jay

Post-war credits now outstanding amount to £620 million held by about 12 million people. The amount invested in National Savings since the war, and not withdrawn again, cannot be isolated, since withdrawals from a Savings Bank account, for example, cannot be related to deposits made at any particular time. But the provisional figure for National Savings outstanding on 31st August, 1950, is £6,107 million compared with £5,100 million in August, 1945—a net increase of £1,000 million. The most recent estimate, on the basis of a social survey was that about 27 million people hold National Savings.

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