§ 48. Mr. Toucheasked the Chancellor of the Exchequer whether, in view of the widespread popularity of National Savings Certificates, he will consider raising the maximum limit which an individual can hold?
§ Sir K. WoodThe interest earned on National Savings Certificates is exempt from Income Tax and Surtax, and, for that reason, I cannot contemplate raising the maximum amount which may be held by one person. I hope that those who cannot buy more Certificates will buy 3 per cent. Defence Bonds, which are 1120 also designed to meet the needs of the smaller investor.