HC Deb 22 August 1916 vol 85 cc2485-7W
Mr. MACKINDER

asked the Secretary to the Treasury if he will state for each month since August, 1914, inclusive, the net amounts lent to the Government by

Month. Post Office Savings Bank Excess of deposits over withdrawals (+) or vice versa (-). Trustee Savings Banks. Excess of deposits over withdrawals (+) or vice versa (-). 4[...] Per Cent. W[...]r Loan (Post Office issue). Post Office Exchequer Bonds. War Savings Certificates, Total for month.
1914. £ £ £ £ £ £
August - 3,110,000 - 1,307,000 — — — - 4,417,000
September + 67,000 + 69,000 — — — - 2,000
October + 676,000 + 155,000 — — — + 831,000
November + 445,000 + 792,000 — — — + 1,237,000
December - 561,000 - 436,000 — — — - 997,000
Add Interest credited to Depositors for year 1914 4,500,000 — — — — + 4,500,000
1915.
January + 1,876,000 + 288,000 — — — + 2,164,000
February + 1,234,000 + 215,000 — — — + 1,449,000
March + 1,369,000 + 278,000 — — — + 1,647,000
April + 1,635,000 + 250,000 — — — + 1,885,000
May + [...]99,000 + 706,000 — — — + 1,105,000
June - 1,074,000 - 183,000 4,318,000 — — + 3,061,000
July - 17,335,000 - 1,111,000 30,875,000 — — + 11,929,000
August - 114,000 - 3,923,000 1,87[...],000 — — - 2,167,000
September + 638,000 + 167,000 1,490,000 — — + 2,295,000
October + 1,245,000 + 255,000 1,169,000 — — + 2,669,000
November + 695,000 + 872,000 622,000 — — + 2,189,000
December + 792,000 - 130,000 117,000 — — + 779,000
Add Interest credited to Depositors for year 1915 4,500,000 — — — — + 4,500,000
1916.
January - 250,000 + 117,000 - 29,000* 6,100,000 — + 5,938,000
February - 231,000 + 22,000 - 22,000* 5,200,000 306,000 + 5,275,000
March + 228,000 - 26,000 - 25,000* 4,400,000 1,074,000 + 5,651,000
April + 1,093,000 + 79,000 - 15,000* 3,000,000 725,000 + 4,882,000
May + 606,000 + 758,000 — 3,400,000 916,000 + 5,680,000
June + 1,229,000 + 269,000 — 3,100,000 2,691,000† + 7,289,000†
July + 530,000 + 94,000 — 2,800,000 9,843,000† + 13,267,000†
Aggregate + 1,082,000 - 1,868,000 39,870,000 28,000,000 15,555,000† £82,639,000†
* Excess of Vouchers cashed.
† If purchases of Certificates of the denomination of £500 are excluded, amounting to £1,194,000 in June, 1916, and £4,300,000 in July, 1916, on the ground that these purchases ought not to be credited to the small investor, the figures would be —

War Savings Certificates. Total for Month.
June, 1916 … … … £1,497,000 +£6,095,000
July, 1916 … … … £5,543,000 +£8,976,000
Aggregate … … … £10,061,000 £77,145,000

the small investor for the purposes of the War in the form of excess of deposits over withdrawals in the Post Office Savings Bank; excess of deposits over withdrawals in the trustee savings banks; subscriptions to the 4½ per cent. War Loan through the Post Office, including purchases of War Loan Vouchers; subscriptions for Post Office Exchequer Bonds; and purchases of War Savings Certificates, respectively?

Mr. McKINNON WOOD

The figures asked for are approximately as follows:

For purposes of comparison, the following figures relating to the Savings Banks in the year 1913 may be useful:—

Month. Post Office Savings Bank. Excess of deposits over withdrawals (+) or vice versa (-). Trustee Savings Banks. Excess of deposits over withdrawals (+) or vice versa (-). Total for month.
1913. £ £ £
January +1,084,000 +98,000 +1,182,000
February +316,000 +26,000 +342,000
March -150,000 -83,000 -233,000
April +319,000 -106,000 +213,000
May -377,000 +526,000 +149,000
June -400,000 -126,000 -526,000
July -312,000 -303,000 -615,000
August -328,000 -131,000 -459,000
September +320,000 +62,000 +382,000
October +633,000 +142,000 +775,000
November +256,000 +768,000 +1,024,000
December -582,000 -646,000 -1,228,000
Add—Interest to depositors for year 1913 +4,400,000 — +4,400,000
Aggregate +£5,179,000 +£227,000 +£5,406,000