HC Deb 18 June 1940 vol 362 c27
56. Mr. Lewis

asked the Chancellor of the Exchequer whether he will consider the desirability of suppressing for the duration of the war all forms of betting, whether through bookmakers on credit or for cash or through totalisators, and of substituting therefor the issue of premium bonds bearing no interest but subject to periodical drawings at a high premium, those bonds which remain undrawn after a period of years to be repaid at par, in order that the large sums which would otherwise be used for betting may be lent to the State instead?

Sir K. Wood

No, Sir. It is not proposed to make an issue of the kind referred to, which I consider would raise controversy and weaken the force of the National Savings Campaign.