58. Mr. A. T. DAVIES
asked the Lord Privy Seal whether the Government were prepared to extend War Savings Certificates instead of issuing Premium Bonds?
§ Mr. BALDWIN
I 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-COOKE
Is the hon. Gentleman aware that there is a considerable number of people who desire Premium Bonds and do not want War Savings Certificates?
§ Captain WEDGWOOD BENN
Is the hon. Gentleman not of opinion that if Premium Bonds were issued people would sell War Savings Certificates in order to buy bonds?