§ 49. Mr. Liddall(for Mr. Critchley)asked the Chancellor of the Exchequer whether he can devise a method to secure for war financing the cash received by holders of the requisitioned Indian and other similar securities by giving them the option to take, as payment, those Government securities of which the permitted holding by one beneficial holder is now limited, provided the requisitioned securities have been in the possession of the beneficial owner for not less than one year?
§ Sir K. WoodArrangements designed to facilitate subscriptions by holders of requisitioned securities to the various Government loans on offer are already in operation. I cannot, however, see my way to permit any extension of the limits of holdings of National Savings Certificates and 3 per cent. Defence Bonds which carry specially favourable terms designed to encourage saving by the smaller investors.