§ 51. Mr. S. Shephardasked the Chancellor of the Exchequer the amount of small savings deposited and withdrawn for the months of January, February, March and April, 1946.
§ Mr. DaltonAs the answer is detailed, I will circulate a statement in the OFFICIAL REPORT.
41WFollowing is the statement:
SMALL SAVINGS, JANUARY TO APRIL, 1946. — January. February. March. April £000. £000. £000 £000. Savings Certificates. Purchases … … … 15,696 13,568 13,099 11,760 Estimate of Interest accrued … … … 4,650 4,528 4,520 4,520 Repayments (principal and interest) … … 9,846 10,791 13,109 12,6l0 Defence Bonds. Purchases … … … 25,820 21,731 20,895 63,649 Repayments … … … 2,377 2,163 2,498 2,596 Post Office Savings Bank Deposits … … … 47,641 40,673 37,570 37,618 Estimate of Interest accrued … … … 3,418 3,438 3,456 3,424 Withdrawals … … … 27,721 33,308 31,043 36,682 Trustee Savings Banks (Ordinary Departments). Deposits … … … 19,360 19,069 19,754 21,003 Estimate of Interest accrued … … … 1,223 1,237 1,249 1,250 Withdrawals … … … 13,185 12,436 15,257 18,357 NOTES: 1. Services Release Benefits Accounts. The figures for the Post Office Savings Bank exclude Services Release Benefits Accounts. In the period January to April, 1946, sums amounting to approximately £115 millions were credited to, and £52 millions withdrawn from, these accounts. 2.Estimate of Accrued interest. As regards Savings Certificates, the figures represent the increases during each month in the estimated amount of the interest due on Savings Certificates' remaining invested. As regards the Post Office and Trustee Savings Banks, the figures represent the estimated interest due on the outstanding balance at the end of each month—interest on the balance in Services Release Benefits Accounts being deducted. The figures of withdrawals of Savings Certificates include interest accrued on the holdings repaid. 3. All the figures for the month of April are provisional.