The following are details respecting Trustee and Post Office Savings Banks and Government Annuities and Assurances during the year 1881

14. Amount, inclusive of interest, standing to credit of all open accounts

15. Average amount standing to credit of each open account

16. Per-centage of cost of Management to total funds in possession of the

880,831

458,191

2,607,612

Post Office Savings Bank

- 11 1

* When Stock is sold or a Stock Certificate obtained the amount is placed to the credit of the Savings Bank account so as to be dealt with as a withdrawal.

Amount of deposits for immediate investment

Average amount of each deposit for immediate investment

Number of Savings Bank accounts opened, with deposits for immediate
investment

Amount of Stock transferred to Trustee Savings Banks

1,104 10

7 10

Amount of Stock remaining to credit of Stockholders at close of the year
Average amount of Stock remaining to credit of each Stockholder at
close of the year

1,112 694,957

50 13 10

75,868

37 10

7,700

50

758,968

ANNUITIES AND LIFE INSURANCES.-Business done in 1881.

Amount of Annuities.

ANNUITIES.

99

66

Contracts for Annuities in existence on the 31st December 1881, viz. :-
Immediate Annuities

Deferred Annuities and Monthly Allowances, money not returnable
Deferred Annuities and Monthly Allowances, money returnable
Contracts for Sums payable at Death in existence on the 31st December 1881

Amount of Insurances.

Number.

LIFE INSUR NCES.

Receipts.

Payments.

The following statement shows the number of Friendly Societies* and Trade, Provident, and Charitable Societies, to which authority has been given to invest their funds in the Post Office Savings Bank during the last five years :

The Controller observes, that "although fewer Trade, Provident, and Charitable Societies were authorised to open accounts last year than in 1880, there was a considerable increase in the number of Friendly Societies; the losses sustained by many such societies in 1878 through unsound investments having evidently given rise to a growing desire to obtain Government security."

XXIII.-RAILWAY SAVINGS BANKS.

The Annual Return of the Metropolitan Railway Provident Savings Bank (to 30th April 1882) has been received. Deposits to the amount of 8,177 l. 4 s. were received during the year, and withdrawals took place to the amount of 3,597 l. 4s. 1 d., leaving a balance in the hands of the company due to depositors of 16,452 s. 18 s. 10 d., being an increase of 33 per cent. on the previous year; 84 new accounts had been opened and 35 closed, the latter chiefly in consequence of the depositors leaving the service of the company. The sum of 4517. 14 s. 1 d. became chargeable to the company for interest for the year.