§ 29. Mr. Snowasked the Chancellor of the Exchequer what features there are of Premium Savings Bonds which make them generally unsuitable to be used as security for loans.
§ Mr. BarberThe regulations for Premium Savings Bonds, as for other savings securities, are such that the Post Office is unable to recognise any charge on them in respect of a loan and that
68Wsidy, and how much loaned, in each of the last eight years to the cotton, aircraft, agriculture, steel, coal, gas, electricity, and railway industries, respectively.
§ Mr. BarberThe following are the figures:
the Bonds may only be encashed by the registered holder.
§ Mr. Pitmanasked the Chancellor of the Exchequer how much public money has been paid during the current financial year by the National Savings Committee to individuals in respect of their personal photographs and testimonies in support of the Premium Bond scheme; and what were the individual payments in each case.
§ Mr. Barber75 guineas, paid to one individual.