§ 98. Mr. Draysonasked the Postmaster-General what steps he proposes to take to bring to the notice of depositors and those contemplating opening an account 232W with the Post Office Savings Bank or purchasers of National Savings Bonds at a post office that particulars of their savings, hitherto regarded as a matter of confidence between the individual and the Post Office, will in future be disclosed to the Inland Revenue Authorities if they exceed a certain amount.
§ Mr. Ness EdwardsNone. Savings Bank depositors are already required to include any interest credited to their Savings Bank accounts in the returns of income furnished to the Inland Revenue authorities; and the proposed new requirement will not affect them if they carry out their existing obligation. Dividends on Stock or Bonds on the Post Office Register must also be included in the returns of income; but the right of the Inland Revenue authorities to require the Post Office to disclose particulars of dividends over a certain amount has existed for a number of years.