HC Deb 19 July 1960 vol 627 c24W
Mr. Dodds

asked the Chancellor of the Exchequer from what sources the information was obtained on which were based the inquiries by his Department into the transfer of savings from Co-operative societies by members to the Post Office Savings Bank and Trustee Savings Banks following the decision in 1956 to exempt from Income Tax the first £15 of interest in respect of the Post Office and Trustee Savings Banks.

Mr. Amory

No specific inquiries on this point have been made by the Treasury. As my hon. Friend explained in the debate on 22nd June, we have received no evidence that savings have been switched from Co-operative societies into the Post Office or Trustee Savings Banks on a large scale.