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Lieut.-Colonel Lipton
asked the Secretary of State for the Home Department how much interest on cash balances has accrued to the Metropolitan Police Fund for each of the years 1938–39 to 1947–48.
Mr. Ede
The normal practice of the Receiver is to invest in Treasury Bills the balance arising on the periodical receipts from police rate and Exchequer grant: the amounts shown in the subjoined table show the discounts received on the bills and the interest paid on temporary loans in cases where borrowing became necessary.
| METROPOLITAN POLICE FUND INTEREST ON CASH BALANCE | ||||
| Year | Received | Paid on Temporary Loans | ||
| £ | £ | |||
| 1938–39 | … | … | 6,545 | — |
| 1939–40 | … | … | 8,987 | — |
| 1940–41 | … | … | 2,445 | 1,156 |
| 1941–42 | … | … | 7,760 | 1 |
| 1942–43 | … | … | 11,975 | — |
| 1943–44 | … | … | 16,641 | — |
| 1944–45 | … | … | 20,819 | — |
| 1945–46 | … | … | 21,915 | — |
| 1946–47 | … | … | 12,930 | — |
| 1947–48 | … | … | 11,372 | — |