§ 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 1951W 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
TABLE 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.