§ Colonel WOODCOCKasked the Postmaster-General what is the estimated cost of each transaction in the Post Office Savings Bank as compared with the figure of 4¾d. stated by the Postmaster-General on 3rd November, 1911; and what do the expenses of management amount to per £100 of the total standing to the credit of the depositors?
§ Sir W. MITCHELL-THOMSONThe average cost of each transaction for the 1623W year 1927 was 9.29d., as compared with the 4¾d. mentioned for 1911. The expenses of management per £100 of the total standing to the credit of the depositors were 9s. 3d. in 1927. Proved figures for 1928 are not yet available, but it is estimated that the corresponding figures will be 9.18d. and 9s. respectively.