HC Deb 31 March 1950 vol 473 c88W
Mr. Chetwynd

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

Sir S. Cripps

Yes, £50 million of the balances in the Savings Banks Funds held by the National Debt Commissioners have been invested with the Exchequer on the security of a 3½ per cent. terminable annuity with a currency of 30 years.