HC Deb 04 July 1963 vol 680 c78W
38. Mr. H. Hynd

asked the Chancellor of the Exchequer whether, in view of the fall in the value of the £ sterling and of the need to stimulate savings, he will take steps to increase the maximum holding allowed to investors in building societies.

Mr. du Cann

There is no maximum holding prescribed for investors in building societies. If the hon. Member is referring to the figure of £5,000 which represents the limit on a holding by an individual in any one society in respect of the interest on which the society pays Income Tax at the composite rate, and not the standard rate, I am not aware that this limit is an impediment to savings.