§ 75. Major Anstruther-Grayasked the Chancellor of the Exchequer whether he will institute an inquiry to ascertain whether 2½ per cent. interest is sufficient for Post Office and Trustee Savings Banks, with a view to attracting to these savings banks their due share of potential small savings.
§ Mr. Boyd-CarpenterNo. I have no evidence that Post Office and Trustee Savings Banks are failing to attract their due share of small savings. In considering the attractiveness of this form of investment, the freedom of the deposits from capital depreciation and the ease with which they may be withdrawn are material factors.