§ Mr. HayesTo ask the Secretary of State for Northern Ireland if he will make a statement on the future of Ulster Savings.
§ Dr. MawhinneyAs part of a programme of policy evaluation a review of Ulster Savings was commissioned in 1989 by the Department of Finance and Personnel.
Having given careful consideration to the findings of the review, I have decided that with effect from 1 June 1991 no new investment will be accepted in Ulster Savings although existing investments and provisions for reinvestment will be maintained. The Department for National Savings has agreed that with effect from 1 June it will market national savings certificates in Northern Ireland through the Post Office.