§ 63. Mr. WARDLAW-MILNEasked the Chancellor of the Exchequer whether he will consider the desirability of enabling purchasers of national savings certificates to hold more than the present limit of 500; and whether, in the interests of thrift, he will increase the limit to 1,000?
§ The CHANCELLOR of the EXCHEQUER (Mr. Philip Snowden)The interest earned on savings certificates is exempt from Income Tax and Surtax, and in these circumstances I cannot consider raising the limit for the number of certificates which can be held by one person.