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Post Office Savings Banks

Volume 229: debated on Monday 12 June 1876

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Question

asked the Postmaster General, Whether the Post Office Savings Banks system might not be beneficially extended by giving leave to depositors to lodge larger sums than they can now do both in each year and in the aggregate; and, whether he will consider the desirability of all Telegraph Stations and Money Order Offices taking deposits?

The question whether large sums may not be lodged by depositors in one year and also in the aggregate is already under the consideration of the Government. Savings bank deposits are taken at all money order offices throughout the United Kingdom. There are only 195 post offices in the United Kingdom at which telegraph business is transacted which are not open for money order or savings bank business, and these are situated in localities where savings bank business is not likely to arise. There are about 1,800telegraph offices at railway stations, but these offices are under the control of the railway companies, and could not be made available for savings bank business.