§ Mr. Roy Jenkins
The administration of the Save-As-You-Earn scheme will be located in Durham alongside the Savings Certificate Office of the Department.
This decision, together with the Post Office reorganisation under which the Department for National Savings will become a separate Department responsible to Treasury Ministers, affects other plans. The small headquarters of the Department will now have to remain in London in order to maintain close and continuous contacts with the Treasury and other 127W organisations, including the National Savings Committee, which are vital to the proper administration of national savings.
The decision to locate the administration of the S.A.Y.E. scheme at Durham will create several hundred new jobs there.