HC Deb 18 February 1960 vol 617 c147W
90. Mr. Snow

asked the Secretary to the Treasury what consideration he gave, when drafting the necessary regulations governing the Premium Bond Scheme, to the question of premium bonds being used as security for loans.

Mr. Barber

The view has been taken that there are features of Premium Savings Bonds, as of other national savings securities, which make them generally unsuitable to be used as security for loans.