§ SIR EDWARD WATKIN
asked Mr. Chancellor of the Exchequer, Whether he proposes to reduce the rate of interest upon Provident Savings invested through the Savings Banks and the Post Office Savings Banks, rateably with his proposed reductions of interest upon Consols, or, while reducing the interest 1694 on Consols, to keep up the interest on Provident Savings?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. CHILDERS)
In reply to my hon. Friend's Question, I can only refer him to the answer given on Monday last by my right hon. Friend the Postmaster General, to the effect that the Question was altogether premature. The proposal I have made will not at present involve any necessary change in the Savings Banks arrangements.