HC Deb 06 July 1943 vol 390 cc1950-1W
Sir W. Smithers

asked the Chancellor of the Exchequer the approximate figures, to the latest available date, of the estimated total amount of small savings in the Post Office Savings Bank, trustee savings banks, small Government holdings, railways savings Banks, National Savings Certificates, small investors, share of ordinary life assurance funds, industrial life insurance funds, building societies, share capital, industrial and provident societies, friendly societies, National Health Insurance approved societies, co-operative societies and under any other similar headings which have been initiated for this war?

Sir K. Wood

The term "small savings" is customarily used to describe the Government securities in respect of which a limit is fixed to the amount of the individual holdings, namely, National Savings Certificates and 3 per cent. Defence Bonds, and deposits in the Post Office Savings Banks and the ordinary departments of the trustee savings banks. The estimated holdings on 22nd June, 1943, are shown in the first part of the table below together with the deposits in the special investment departments of the trustee savings banks and the nominal amount of Government stock hold on the Post Office and trustee savings bank registers. Small holdings of Government stock are held otherwise than on these registers

Latest available figures
Date £ millions
*National Savings Certificates 22nd June, 1943 1324.8
3 per cent. Defence Bonds 22nd June, 1943 590.6
* Balance due to depositors in Post Office Savings Bank 22nd June, 1943 1137.0
*Balance due to depositors in Trustee Savings Banks:—
Ordinary Departments 22nd June, 1943 306.5
Special investment Departments 22nd June, 1943 115.0
Post Office and Trustee Savings Banks' Stock Register (nominal amount) 22nd June, 1943 194.1
Birmingham Municipal Bank 31st March, 1943 50.8
Building Societies (Share Capital, Deposits, etc.) 31st December, 1942 738.2
Industrial and Provident Societies 31st December, 1941 320.9
Industrial Assurance Companies and Societies 31st December, 1941 508.7
Societies registered under the Friendly Societies Acts 31st December, 1941 175.3
Registered Trade Unions 31st December, 1941 28.0
Railways Savings Banks 31st December, 1941 33.8
†Sums invested on behalf of National Health Insurance Funds 31st December, 1941 181.4
Superannuation and other Trust Funds 31st December, 1940 97.3
* Includes estimated accrued interest.
† This maybe slightly larger than the "Accumulated Funds Under the National Health Insurance Acts" for which a figure was given in the answer of nth July, 1939, but for which no recent figure is readily available.

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