§ Mr. Iremongerasked the Chancellor of the Exchequer if he will estimate the total gross cost for the most convenient
Total mean balances Total costs (including administration, interest, dividends and prizes) Total costs as percentage of mean balance in each type of savings Costs for each type of savings as percentage of total costs £m. £m. Per cent. Per cent. Department for National Savings* National Savings Bank Ordinary Accounts 1,593 58.28 3.66 14.7 National Savings Bank Investment Accoun[...] 172 10.85 6.31 2.73 National Savings Certificates 2,040† 106.62 5–23 26–9 National Savings Stock Register‡ 935 48.96 5.24 12–35 Premium Savings Bonds 674 33–10 4–91 8.33 Trustee Savings Banks* Trustee Savings Banks Ordinary Departments 1,047 37–7 3.6 9.5 Trustee Savings Banks Special Investment Departments 1,344 84–6 6.29 21.3 Trustee Savings Banks part of National Savings Stock Register 385 15.6 4–06 3.92 * The Department of National Savings figures are in respect of the financial year to 31st March, 1969; the Trustee Savings Banks figures are in respect of the banks' financial year to 20th November, 1969. † Principal only (National Savings statistics normally include between £500 and £600 million of accrued interest). ‡ Defence Bonds, National Development Bonds, British Savings Bonds and Government Stock. Notes:
The costs of the National Savings Committees for England and Wales of £2.26 million and for Scotland of £0.16 million have not been included in the table because they relate to promotion not administration and servicing, and cannot be apportioned to individual types of saving.
Further details of the Department of National Savings business and costs appear in its annual reports, copies of which are in the House of Commons Library.