§ Mr. Arbuthnotasked the Chancellor of the Exchequer what change he proposes to make in the rate of interest payable on tax reserve certificates.
§ Mr. R. A. ButlerYes. I have agreed to the issue of a new tax reserve certificate (fourth series), which will bear interest at the rate of 1 per cent. per annum tax free instead of 1¼ per cent. per annum tax free, the other terms being similar to those of the current issue. The new certificates will be available as from tomorrow, when the Bank of England will issue a prospectus containing the full terms of issue.