National Savings Movement

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 21st November 1950.

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Photo of Mr Hugh Gaitskell Mr Hugh Gaitskell , Leeds South

There are some 185,000 National Savings groups at work with a membership of about 7,000,000. The amount of small savings invested is now just over £6,100 million. In particular the Trustee Savings Banks are this week celebrating the fact that their funds have now reached £1,000 million. I am sure the House will wish to join me in congratulating them on this fine achievement.

Photo of Sir James Henderson-Stewart Sir James Henderson-Stewart , Fife East

While thanking the right hon. Gentleman for his tribute to the trustee savings movement, may we have an assurance, which I think we should have from him, that he and his Department will do everything they can to advance this splendid movement?