§ Mr. G. M. Thomson
asked the Chancellor of the Exchequer if he will state, for the first year of the Premium Bond Savings Scheme, the gross sales of bonds, the amount spent on advertising, the amount distributed in prizes, the administration costs, the withdrawals, and the net gain to national savings over the financial year.
§ Mr. P. Thorneycroft
During the first year of the Premium Savings Bonds Scheme—1st November, 1956, to 31st October, 1957—sales of bonds totalled £114.2m., repayments amounted to £2.5m., prizes were distributed to a total value of £2,060,000, and it is estimated that £400,000 was spent on advertising and £1,150,000 on other administrative costs. During the first seven months of the current financial year sales have exceeded repayments by £47.4m.