§ Mr. Templeasked the Chancellor of the Exchequer what have been the monthly sales and encashments of Premium Bonds over the three-year period ended 31st December, 1960.
§ Mr. Barber:Sales and encashments of Premium Savings Bonds have been as follows:
and services and transfers was equivalent to 48 per cent. of the gross national product in 1946, 30 per cent. in 1956 and 30 per cent. in 1959. These figures are based on expenditure as snown in Table 35 of the Blue Book "National Income and Expenditure, 1960" and include subsidies, national insurance benefits, debt interest, grants to local authorities, etc. The corresponding figures for current expenditure on goods and services only are 21 per cent., 14 per cent. and 13 per cent. respectively. I regret that similar figures for 1960 are not yet complete and that estimates for 1961 are not available either for central or local government.
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