58. Mr. A. T. DAVIESasked the Lord Privy Seal whether the Government were prepared to extend War Savings Certificates instead of issuing Premium Bonds?
§ Mr. BALDWINI am not certain what the hon. Member intends by the phrase "to extend War Savings Certificates," but if it intended to refer to the term of any particular certificate I may remind him that power was taken in the War Loan Act of this year to extend any five-year certificate for a further five years—that is to ten years in all—at the option of the holder.
§ Sir C. KINLOCH-COOKEIs the hon. Gentleman aware that there is a considerable number of people who desire Premium Bonds and do not want War Savings Certificates?
§ Mr. BALDWINI think that is possible.
§ Captain WEDGWOOD BENNIs the hon. Gentleman not of opinion that if Premium Bonds were issued people would sell War Savings Certificates in order to buy bonds?
§ Mr. BALDWINAgain, I think that is possible.
§ Mr. MACQUISTENIs it to be made compulsory to buy Premium Bonds?