§ Mr. David Howellasked the Chancellor of the Exchequer if he will list the functions of the Department of National Savings, showing the total sum being administered by each division and the cost of administering each division.
§ Mr. TaverneThe principal functions of the Department are the administration of the National Savings Bank, National Savings Certificates, the National Savings Stock Register—including British Savings Bonds—Premium Savings Bonds and Save As You Earn (SAYE); and the provision of services in support of the248W National Savings Committees for England and Wales and for Scotland and the National Savings Movement. The related sums administered on 31st January, 1969, and the expenses of management for the financial year 1968–69, the latest available figures, are as follows:
Sum invested 31st January 1969 Expenses of Management for the financial year £ millions £ millions National Savings Bank 1,754.8 20.20 Savings Certificate Office 2,491.6 4.77 Bonds and Stock Office (Premium Savings Bonds and Stock Register) 1,599.3 5.20