§ 134. Mr. Wyattasked the Financial Secretary to the Treasury what is the strength of the staff of the Social Survey; what is its annual budget; what are the names and qualifications of the personnel engaged in directing, supervising and editing the work of the Social Survey; and on what tasks is the Social Survey at present engaged.
§ Mr. Glenvil HallNinety-seven. The present annual budget is £63,000. Following is the answer to the last parts of this Question:
the total of deposits less withdrawals in the same savings bank year; what is the meaning and purpose of the proviso; why the explanatory note recited it without explanation; and why money withdrawn otherwise than in one entire sum cannot be replaced.
225W
§ Mr. DaltonThe expression "aggregate amount deposited" here means the total of deposits without deduction of any withdrawals. This involves no change in the existing law, as the previous Orders consolidated by the present Order imposed an annual limit of £500 on gross deposits, calculated without deduction of any withdrawals. The purpose of the proviso in the same Subsection is to enable a depositor, once in a Savings Bank year, to withdraw his savings in one lump sum, for instance, in order to invest them, and to replace the same amount in his Savings Bank account even if he thereby exceeds the annual limit of £500. This provision is repeated from the 1929 Order, Section 1. The proviso was recited without explanation in the Explanatory Note attached to the Order, because it was considered to be self-explanatory. To allow several sums of money separately withdrawn to be replaced in excess of the limit would clearly render the limit ineffective. This Order was laid in draft before the House for 21 days and no questions were raised on it. It was also examined by the Select Committee on Statutory Rules and Orders, who did not draw the special attention of the House to any of its provisions.