§ Sir R. Youngasked the Postmaster-General how many inactive accounts there are of £1 and over in the Post Office savings bank, and the average of these; and whether interest is regularly added to these accounts?
§ Major TryonFrom time to time accounts with a balance of over £1 in which no transactions have taken place for many years are transferred to a special class. Transfers of this nature are made solely for purposes of economy in bookkeeping, and interest is added to these accounts at the close of each year ended the 31st of December. Precise figures for accounts so transferred during 1936 are not yet available, and it is not possible therefore to give the total number of such accounts; but at the 31st of December, 1935, they numbered 77,500 with an average of balance of £16 3s. 6d.