§ 52. Mr. William Clarkasked the Chancellor of the Exchequer why per mission is sometimes refused to trustee savings banks who wish to increase the rate of interest payable to investors.
§ Mr. CallaghanChanges in the rate of interest paid by the Special Investment Departments of Trustee Savings Banks require the approval of the National Debt Commissioners, who consider all relevant circumstances in the interests of depositors. Last summer the banks were asked not to seek approval of interest rates above 5 per cent., but this special request is now being withdrawn.