HC Deb 16 December 1952 vol 509 cc162-3W
92. Mr. E. Johnson

asked the Chancellor of the Exchequer if he will consider issuing Empire certificates and bonds, for sale to the public on the lines of savings certificates and bonds, to assist in financing Empire development.

Mr. R. A. Butler

As stated in the communiqué issued after the Commonwealth Economic Conference the Government recognises that if we are to make our full contribution to Commonwealth development it will be necessary to sustain a high level of internal savings. But I do not think that a special certificate or bond is necessary for this purpose. I am satisfied that there are at present adequate facilities for National Savings and I commend these to all small investors who may rightly wish to play their part in Commonwealth development.