In order to bring out clearly what are the benefits of which I have spoken, let me state briefly the possibilities which are open to a man who becomes a depositor. He goes to any post office where Savings Bank business is transacted, and after signing a declaration and depositing any sum, not containing fractions of a shilling, up to £50, a book is handed to him in which his transactions are recorded. That book can be used at any Post Office Savings Bank in the United Kingdom for deposits or withdrawals. He can deposit £50 in any year until a total of £200 is reached, and in addition he can replace the amount of one withdrawal made during any year. Further, he can invest in six different kinds of Government Stock to the amount of £200 Stock in a year, or £500 Stock in all, and he can make special deposits to cover his investments, irrespective of the limits fixed for his deposit account. Roughly speaking, he can therefore hold £200 in his deposit account and at the same time be the possessor, through the medium of the Post Office, of Stock of the nominal value of £500. The smallest amount of Stock he can purchase is one shilling. Means are provided by which he can transfer his Stock from time to time to the books of the Bank of England, and so enable him to continue purchasing Stock by means of his deposit account. Or he can buy a Stock certificate with coupons for dividends annexed. The commission on every transaction is considerably below that charged by a stockbroker. Occasionally there appears in the press a demand for the popularisation of Consols, and it is suggested that the Post Office should be the medium of selling across the counter to the British public scrip for small amounts of Government Stock. There should be no book transactions with the public, and the scrip could be disposed of at the price of the day, when the owner wished to sell. The people who make this demand usually show a lamentable amount of ignorance as to what the Post Office does in this matter. They argue as if there were no opportunities for the British public to invest in Consols in small amounts, as the French do in their own Government securities. It may come as a surprise to many people, who are inclined to entertain favourably the proposals I have mentioned, that considerably over £23,000,000 Stock is held already by depositors in the Post Office Savings Bank, and that the average amount credited to each person is about £140 Stock. The facilities for purchase and sale are as easy as it is possible to arrange.