§ 40. Mr. Craven-Ellisasked the Chancellor of the Exchequer what was the total sum invested in National Savings Certificates for the 52 weeks ended 9th September, 1939; and the total of National Savings Certificates and Defence Bonds sold for the 52 weeks ended 7th September, 1940?
§ Captain CrookshankSales of National Savings Certificates during the 12 months ending 9th September, 1939, amounted to £22,800,000. During the 12 months ending 10th September, 1940, sales of National Savings Certificates amounted to £152,500,000 and sales of 3 per cent. Defence Bonds to £149,700,000, making a total of £302,200,000 invested in these two securities during the period.
§ Mr. StokesIs it not clear from the answer which has been given that some other means of financing the war will have to be considered?
§ Captain CrookshankWhat is clear from the answer I have given is that there has been a most remarkable response on the part of small investors.
§ Mr. StokesBut is the Financial Secretary not aware that it is entirely inadequate and that it is really swindling the public to continue in this way?
§ Mr. Craven-EllisHow can the Financial Secretary make a statement such as he has just made when he has been unable to give me any figure of the national income?