§ Mr. Wrigglesworthasked the Chancellor of the Exchequer (1) how many staff at the National Savings Bank have been employed in operating ordinary accounts over each of the last 10 years;
(2) how many staff at the National Savings Bank have been employed in operating investment accounts over each of the last 10 years.
§ Mr. Denzil DaviesThe numbers of staff directly employed in operating National Savings Bank ordinary and investment accounts and indirectly as an apportionment of accounting functions and other services common to both facilities are:
At 31st March Ordinary Accounts Investment Accounts 1968 8,676 116 1969 8,679 133 1970 8,478 207 1971 8,554 297 1972 8,200 337 1973 7,443 359 1974 6,966 379 1975 6,550 392 1976 6,210 456 1977 5,037 541
§ Mr. Wrigglesworthasked the Chancellor of the Exchequer (1) what were the total balances held in National Savings Bank investment accounts and 525W ordinary accounts, respectively, in each of the last 10 years;
(2) how many National Savings Bank investment accounts have been opened and how many closed in each of the last 10 years; and what was the number remaining at the end of each year;
INVESTMENT ACCOUNTS Financial year ended 31st March New accounts opened Accounts closed Number remaining open at year end Balance held at year end millions millions millions £ million 1968 0.17 0.02 0.37 140.2 1969 0.18 0.04 0.51 208.3 1970 0.15 0.06 0.60 259.7 1971 0.11 0.06 0.65 322.5 1972 0.12 0.07 0.70 405.7 1973 0.17 0.07 0.80 528.8 1974 0.11 0.10 0.81 551.5 1975 0.11 0.11 0.81 581.2 1976 0.12 0.10 0.83 633.7 1977 0.12 0.09 0.86 671.3 31st December 1977* — — 1.00 1,350.0 * Provisional.
ORDINARY ACCOUNTS Financial year ended 31st March New accounts opened Accounts closed or withdrawn as inactive* Number of active accounts remaining at year end Balance held at year end millions millions millions £ millions 1968 1.39 2.50 21.82 1,664.2 1969 1.40 1.69 21.53 1,589.9 1970 1.33 1.45 21.41 1,497.6 1971 1.22 1.66 20.97 1,474.7 1972 1.56 0.93 21.60 1,475.8 1973 1.72 3.23 20.09 1,517.7 1974 1.62 10.8 20.63 1,534.2 1975 1.19 0.89 20.93 1,539.9 1976 1.07 0.97 21.03 1,551.0 1977 1.23 2.55 19.71 1,548.4 30th November 1977† — — 19.97 1,628.6 * Accounts which have not been operated during the previous 5 years. † Provisional. Source of Balance: Annual Abstract 1977.