§ 38. Mr. GLEDHILLasked the Chancellor of the Exchequer the number of national savings certificates sold during the last 12 months; the amount credited to the holders by way of interest; and the total amount spent on publicity for these sales?
§ Major ELLIOTThe number of Savings Certificates sold during the 12 months to 30th June last was approximately 64,000,000 units representing a purchase price of £51 millions. Interest is not credited to holders individually until a certificate is presented for payment, but the value of a certificate at the end of the first 12 months after purchase is 168. 3d. The amount spent on advertising Savings Certificates in the last financial year, including the advertising of the recent conversion offers, was approximately £56,000.