§ Mr. Cockeramasked the Chancellor of the Exchequer (1) what is the cost of administering a separate fund under the Post Office Savings Bank Act 1966 for the National Savings Bank investment account;
(2) what is the cost of administration of the separate fund administered by the National Debt Commissioners under the National Savings Bank Act 1971.
§ Mr. LawsonIn the year ending 31 December 1979 the management expenses of the National Savings Bank investment account fund, met from the income of the fund, amounted to £53,200 in respect of the National Debt Office and £4,750,000 in respect of the National Savings Bank. These figures are provisional.