HC Deb 08 July 1931 vol 254 c2082
56. Mr. MARCUS

asked the Chancellor of the Exchequer if, in consequence of the increasing demand for national savings certificates, he will increase the maximum amount which can at present be held by each person?

Mr. P. SNOWDEN

The interest earned on savings certificates is exempt from Income Tax and Sur-tax, and for that reason I cannot contemplate raising the maximum amount which may be held by one person.