HC Deb 19 March 1970 vol 798 c175W
Mr. John Hall

asked the Chancellor of the Exchequer what was the total value of payments made by the Treasury to the Post Office in each of the last five

National Savings Certificates Premium Savings Bonds Government Stock and Bonds National Savings Stamps Total
£000s £000s £000s £000s £000s
1964–65 1,020 779 172 2,575 4,546
1965–66 1,070 868 220 3,048 5,206
1966–67 1,468 905 221 3,225 5,819
1967–68 1,349 936 187 3,291 5,763
1968–69 1,237 1,077 182 3,652 6,148
1969–70 1,404 1,175 199 4,509 7,287
1970–71 1,286 1,125 215 3,763 6,389

This table does not include management costs incurred by the Department for National Savings (formerly Post Office Savings Department). Inclusive costs (except for National Savings Stamps) are given in the annual reports of the Department for National Savings, copies of which are available in the House of Commons Library.

Mr. John Hall

asked the Chancellor of the Exchequer what are the total charges in each of the last five years for management expenses and other handling costs incurred by the Post Office in respect of National Savings Bank business that were met wholly from the Savings Bank funds.

Mr. Taverne

The information is as follows:

National Savings Bank Ordinary Accounts National Savings Bank Investment Accounts (introduced June, 1966) Total
£000s £000s £000s
1964–65 6,771 6,771
1965–66 7,135 7,135
1966–67 7,140 50 7,190
1967–68 6,960 96 7,056
1968–69 6,933 142 7,075

This table does not include management costs incurred by the National Savings Bank (formerly Post Office Bank) Headquarters, which were met wholly from the Savings Bank Funds. Inclusive costs are given in the annual reports of the Department for National Savings, copies of which are available in the House of Commons Library.