§ 8. Mr. Ewingasked the Chancellor of the Exchequer if he is satisfied with the present rate of investment in National Savings; and if he will make a statement.
§ Mr. NottThe high level of investment by the public in National Savings continues and is most welcome. In the 12 months to the end of June, 1972, the total amount invested increased by £883 million.
§ Mr. EwingThose figures are gratifying, but can the hon. Gentleman say 1514 whether the Treasury has any new schemes under consideration for investment in such things as premium bonds? If schemes are under consideration, when does the Treasury expect to make an announcement?
§ Mr. NottThe continued support for National Savings shows that the improved terms that the Government were able to offer in their first year of office remain attractive to the investor. But the Government keep the terms of the various securities under constant review. We also keep under review the possibility of issuing new savings instruments.