§ Sir J. Wardlaw-Milneasked the Chancellor of the Exchequer whether he will give the yield to the investor not liable to Income Tax from saving certificates during each of the past five years?
§ Lieut.-Colonel ColvilleThe yield to the holder not liable to Income Tax from a savings certificate held until maturity is as follows:
Period of sale. Yield per cent. 4th Issue. £ s. d. 2nd August, 1932–31st May, 1933 3 7 1 5th Issue. 1st June, 1933–28th February, 1935 3 1 5 6th Issue. 1st March, 1935: still on sale 2 18 4
§ Sir J. Wardlaw-Milneasked the Chancellor of the Exchequer whether there was an increase or decrease in the amount of public money invested in the last financial year in savings certificates; and, if a decrease, what steps the Treasury is taking to rebuild confidence in this valuable method of encouraging thrift?
§ Lieut.-Colonel ColvilleThe total amount invested in savings certificates, including accrued interest, increased during the financial year ended 31st March, 1937, by approximately £6,300,000. The latter part of the question therefore does not arise.
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