HC Deb 29 March 1949 vol 463 c95W
Mr. Hardy

asked the Chancellor of the Exchequer whether he has any statement to make about the investment of Savings Bank Funds moneys.

Sir S. Cripps

Yes. £90 million of the balances in the savings Bank Funds held by the National Debt Commissioners have been invested with the Exchequer, on the security of a 3 per cent. terminable annuity with a currency of 30 years.