§ Sir A. Beit
asked the Chancellor of the Exchequer whether he proposes to continue the present tap issues after their forthcoming interest date.
§ Sir J. Anderson
Yes, Sir. Three per cent. Savings Bonds 1965–75 were first placed on sale in August, 1944, and now amount to about £125,000,000. One and three-quarter per cent. Exchequer Bonds 1950 were first placed on sale in November, 1944, and now amount to about £90,000,000. In each case a first interest payment is due on 15th February, 1945. I propose to continue to offer both these securities for the present; but, as on previous similar occasions, 3 per cent. Savings Bonds 1965–75 and 1¾ per cent. Exchequer Bonds 1950 issued on or after the 15th February, 1945, will in each case be designated Series "A" until 15th August, 1945, on which date they will be amalgamated with the relative Bonds already issued. The first interest payment on2254W Bonds of Series "A" of each issue will be due on 15th August, 1945.