Oral Answers to Questions — Post Office Savings Bank (Deposits)

– in the House of Commons on 6th April 1944.

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Photo of Major Abraham Lyons Major Abraham Lyons , Leicester East

asked the Postmaster-General the amount in deposit at the Post Office Savings Bank; and the aggregate number of depositors as at 1st April, 1944.

Photo of Mr Robert Grimston Mr Robert Grimston , Westbury

At the 25th of March, 1944 (the latest date for which figures can be given) the number of depositors in the Post Office Savings Bank was approximately 17,600,000, and the amount in deposit was £1,310,280,000 in round figures.

Photo of Major Abraham Lyons Major Abraham Lyons , Leicester East

Whilst welcoming that very satisfactory statement of affairs, would my hon. Friend consider giving more publicity to the fact that although there is a limit to the annual amount that can be deposited there is no limit at all to the total of the aggregate deposit.

Photo of Mr Robert Grimston Mr Robert Grimston , Westbury

I will consider that, Sir.

Dr. Russell Thomas:

Could the hon. Gentleman say whether the frequency of withdrawals has increased.