§ 31. Mr. PETHICK-LAWRENCE
asked the Chancellor of the Exchequer what was the total amount of accrued interest paid on the £35,450,000 national savings certificates redeemed in the year ending 31st March, 1927?
§ 32. Mr. PETHICK-LAWRENCE
asked the Chancellor of the Exchequer what was the estimated total amount of interest accrued at 31st March, 1927, on the £372,000,000 savings certificates outstanding at that date; and what will be the additional accrued interest on these certificates on the 31st March, 1928, assuming that none have been paid off in the meanwhile?
§ Mr. CHURCHILL
The answer to the first part of the question is about £121 millions and to the hypothetical second part of the question about £24 millions.
§ Mr. H. WILLIAMS
Is there a reserve accumulating against these liabilities or are they a charge on future revenue?