Mr. R. Duckworthasked the Chancellor of the Exchequer the latest investment figures in each case in the Post Office Savings Bank, trustee savings banks, national savings movement and the building, friendly, industrial and provident societies.
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§ Sir J. AndersonThe first part of the table below shows the estimated balances due to depositors on 31st May in the Post Office Savings Bank and in the ordinary and special investment departments of the Trustee Savings Banks, the estimated holdings on the same date of other Government securities in respect of which a limit is fixed to the amounts of individual holdings, i.e. National Savings Certificates and 3 per cent. Defence Bonds, and the nominal amount of Government Stocks, excluding 3 per cent. Defence Bonds, held on the Post Office and Trustee Savings Banks Register. The second part of the table gives estimates of the funds accumulated in the building, friendly and industrial and provident societies at the latest date for which figures are available. So far as possible duplication has been eliminated from the figures in this part of the table, but there still remains a comparatively small amount which cannot be definitely ascertained.
TABLE Date £ millions *National Savings Certificates 31st May, 1944. 1,568 3 per cent. Defence Bonds 31st May, 1944. 684 *Balance due to depositors in Post Office Savings Bank 31st May, 1944. 1,360 *Balance due to depositors in Trustee Savings Banks: Ordinary Departments 31st May, 1944. 376 Special Investment Departments 31st May, 1944. 115 Post Office and Trustee Savings Banks' Stock Register (nominal amount) 31st May, 1944. 212 Building Societies (Share Capital, Deposits, etc.) 31st Dec, 1943. 757 Societies registered under the Friendly Societies Acts 31st Dec, 1942. 182 Industrial and Provident Societies 31st Dec, 1942. 351 * Includes estimated accrued interest.