HC Deb 08 November 1927 vol 210 cc32-3
39. Mr. PETHICK-LAWRENCE

asked the Chancellor of the Exchequer what is the total amount of savings certificates taken out since 31st March last up to the latest date available; and what is the total amount paid off and the aggregate interest attached to it during the same period?

Mr. CHURCHILL

To the 30th September the receipts from certificates sold were £16,754,000, the encashments £18,363,000, and the accrued interest paid £6,335,000.

40. Mr. PETHICK-LAWRENCE

asked the Chancellor of the Exchequer whether, with a view to facilitating the presentation of a correct picture of the capital liabilities of the country and an accurate forecast of annual expenditure, he will consider a revision of the method of accounting in relation to savings certificates?

Mr. CHURCHILL

As regards the first point a careful estimate of the amount of accumulated interest unpaid is made annually and published in the Finance Accounts. On the second point I would refer the hon. Member to the reply given to a question by my hon. Friend the Member for Reading (Mr. H. Williams) on the 5th May last.