§ Mr. Martyn JonesTo ask the Chancellor of the Exchequer (1) how many successful traces have been concluded by National Savings and Investments on dormant savings and investments in each month since November 2001; [102935]
(2) what progress has been made by the tracing service for dormant savings and investments by National Savings and Investments since its introduction. [102936]
§ Ruth KellyNational Savings arid Investments' new Tracing Service was launched in November 2001. Information is available on a monthly basis from February 2002, with the results for the first three months (November 2001 to January 2002) only available on a consolidated basis. To date, about 35 per cent. of all requests have resulted in successful traces. The number and value of successful traces are as follows:
Successful traces of dormant savings and investments Number Value (£) November 2001 to January 2002 876 904,303 February 2002 475 441,684 March 2002 504 745,443 April 2002 89 303,042 Ma 2002 652 1,132,539 June 2002 189 483,025 Jul 2002 409 264,485 August 2002 323 105,322 September 2002 253 168,943 October 2002 151 163,007 November 2002 244 74,235 December 2002 307 189,401 January 2003 412 291,578 February 2003 560 408,031 Total 5,444 5,675,038