§ 56. Sir J. Mellorasked the Chancellor of the Exchequer if he will cause each weekly statement issued by the National Savings Committee to include notice that reference to repayment of Defence Bonds does not cover repayment at maturity.
§ Sir S. CrippsNo, Sir.
§ Sir J. MellorIs it not a fact that when Defence Bonds are repaid at maturity and the proceeds re-invested in other Defence Bonds, the re-investment is shown as a net increase in National Savings? Is that not very deceptive?
§ Sir S. CrippsNo, Sir.
§ Sir J. MellorCan the right hon. and learned Gentleman deny that this process masks the true decline in National Savings?
§ Sir S. CrippsYes, Sir.