§ 61. Sir W. Smithers
asked the Chancellor of the Exchequer the present amount of undistributed post-war savings; and how many persons bold these savings.
§ Mr. Jay
Post-war credits now outstanding amount to £620 million held by about 12 million people. The amount234W invested in National Savings since the war, and not withdrawn again, cannot be isolated, since withdrawals from a Savings Bank account, for example, cannot be related to deposits made at any particular time. But the provisional figure for National Savings outstanding on 31st August, 1950, is £6,107 million compared with £5,100 million in August, 1945—a net increase of £1,000 million. The most recent estimate, on the basis of a social survey was that about 27 million people hold National Savings.