asked the Minister for Finance if he will furnish returns for each year from 1922, where possible, showing in respect of the yearly balances due to depositors in (a) Trustee Savings Banks, (b) Post Office Savings Banks, and (c) on foot of Savings Certificates, how much in each such year in each such fund was due to accrued interest.
Written Answers. - Savings Banks Balances.
The particulars required as respects (b) and (c) in the Deputy's question are as follows:—
POST OFFICE SAVINGS BANK.
|
Year ended 31st December |
Total of balances due to depositors at end of year |
Amount of accrued interest included in preceding column |
|
£ |
£ |
|
|
1923 |
1,596,613 |
22,070 |
|
1924 |
2,124,699 |
66,062 |
|
1925 |
2,426,267 |
118,738 |
|
1926 |
2,643,492 |
141,533 |
|
1927 |
2,824,428 |
241,141 |
|
1928 |
3,103,772 |
309,917 |
|
1929 |
3,163,212 |
383,065 |
|
1930 |
3,376,383 |
458,627 |
|
1931 |
3,703,230 |
542,063 |
|
1932 |
4,171,776 |
631,558 |
|
1933 |
4,838,388 |
736,721 |
|
1934 |
5,582,432 |
857,831 |
|
1935 |
6,454,299 |
998,900 |
|
1936 |
7,470,328 |
1,162,490 |
|
1937 |
8,513,956 |
1,350,542 |
|
1938 |
9,577,792 |
1,563,055 |
|
1939 |
10,650,739 |
1,803,281 |
SAVINGS CERTIFICATES.
|
Year ended 31st March |
Total of amounts due to certificate holders at end of year |
Amount of accrued interest included in preceding column |
|
£ |
£ |
|
|
1924 |
916,538 |
Nil |
|
1925 |
1,211,594 |
34,345 |
|
1926 |
1,872,938 |
101,623 |
|
1927 |
2,559,991 |
197,541 |
|
1928 |
3,358,216 |
329,182 |
|
1929 |
4,561,456 |
505,521 |
|
1930 |
5,397,647 |
593,907 |
|
1931 |
7,162,869 |
818,422 |
|
1932 |
8,144,298 |
1,121,221 |
|
1933 |
9,087,822 |
1,440,588 |
|
1934 |
9,586,692 |
1,768,478 |
|
1935 |
9,808,871 |
2,086,968 |
|
1936 |
10,143,822 |
2,389,455 |
|
1937 |
10,516,920 |
2,664,042 |
|
1938 |
10,837,601 |
2,921,127 |
|
1939 |
10,965,509 |
3,122,776 |
|
1940 |
11,901,519 |
3,295,093 |
In the case of the Trustee Savings Banks referred to at (a) in the question it is not possible from the information available to segregate the accrued interest from the total amounts due to depositors, but the statement below shows the aggregate deposits, inclusive of such interest, and the aggregate of the stocks held by depositors at the close of each year from 1922.
TRUSTEE SAVINGS BANKS.
|
Year ended 20th November |
Total deposits (inclusive of accrued interest) at end of year |
Total Stocks at end of year |
|
£ |
£ |
|
|
1922 |
978,717 |
194,079 |
|
1923 |
1,090,386 |
202,266 |
|
1924 |
1,125,143 |
198,413 |
|
1925 |
1,155,162 |
201,620 |
|
1926 |
1,165,145 |
208,541 |
|
1927 |
1,172,286 |
212,625 |
|
1928 |
1,183,295 |
226,298 |
|
1929 |
1,175,491 |
239,899 |
|
1930 |
1,186,204 |
245,624 |
|
1931 |
1,265,602 |
248,169 |
|
1932 |
1,334,467 |
237,654 |
|
1933 |
1,483,151 |
208,366 |
|
1934 |
1,608,246 |
205,678 |
|
1935 |
1,754,485 |
202,583 |
|
1936 |
1,911,550 |
193,359 |
|
1937 |
2,021,084 |
197,765 |
|
1938 |
2,122,963 |
197,418 |
|
1939 |
2,269,495 |
192,880 |