§ 78. Major HAYWARDasked the Chancellor of the Exchequer whether the weekly sales of national savings certificates are only slightly in excess of the weekly repayments; and, if so, how it is proposed to find the money for repayments after 1st October, after which date half the receipts from the sales of these certificates will be allocated for housing purposes?
Mr. CHAMBERLAINThe answer to the first part of the question is in the affirmative. The liability for repayment to holders of certificates will remain after 1st October, as now, a charge on the Exchequer, and will be met from general balances, in so far as the sum available 643 from receipts from the sale of new certificates is insufficient. But I hope that the new stimulus which will be given to the savings movement will obviate any such insufficiency.