HC Deb 26 May 1966 vol 729 c145W
Mr. Stratton Mills

asked the Chancellor of the Exchequer if, after payment of the administrative expenses and interest to depositors at the statutory rate of 2½ per cent., he will use all the surplus income, or a higher percentage than at present, of the Post Office Savings Bank Ordinary Account to make up the capital loss on investments which currently have a value of less than the moneys owed to depositors, rather than continue paying half of this surplus to the Treasury; and if he will make a statement.

Mr. MacDermot

This question is reviewed from time to time. I have no further statement to make at present.