HC Deb 25 February 1960 vol 618 cc564-5
31. Mr. Lipton

asked the Chancellor of the Exchequer what action he is taking to improve the sale of premium bonds.

27. Mr. Sorensen

asked the Chancellor of the Exchequer the plans of Her Majesty's Government for terminating, modifying or expanding the operation of premium bonds, in view of signs of decline in public support.

Mr. Barber

My right hon. Friend is considering this matter, but I have no statement to make at present.

Mr. Lipton

Will the hon. Gentleman bear in mind that he cannot expect to increase the sale of premium bonds if the odds against winning prizes become greater and greater? If the hon. Gentleman wants to compete successfully with football pool promoters, he will have to increase the prizes very substantially.

Mr. Barber

I can only say that during the forty-six weeks to 13th February this year, receipts from the sale of premium bonds amounted to more than £56 million and the prize money to more than £8 million.