§ Mr. H. Brooke
Some £37 million has so far been subscribed to the new issue 2159 of 4 per cent. Defence Bonds. No figures are available of National Savings Certificates bought by holders who already possessed the previous maximum holding since the limit was raised at the beginning of November.
As the Prime Minister said in his Bradford speech on 18th January, we are actively considering what further steps we can take to make savings attractive. The suggestion about limits will be borne in mind, along with other suggestions.
§ Mr. Brooke
I am grateful to my hon. Friend for his interest in this extremely important matter of expanding National Savings. Both the Prime Minister and the Chancellor of the Exchequer have made public reference to their interest in finding some new method of attracting savings, and in due course my right hon. Friend will, no doubt, be declaring his intentions.
§ Mr. Fernyhough
Can the right hon. Gentleman say how much of the £37 million actually represents new savings and how much of it is made up by withdrawals from war savings at 2½per cent. and reinvestment in Defence Bonds at 4 per cent.?