HC Deb 24 July 1970 vol 804 cc307-8W
Sir A. Broughton

asked the Chancellor of the Exchequer (1) if he will encourage saving by allowing the maximum number of an individual's holding of premium bonds to be raised from 1,250 to 1,500;

(2) if he will authorise a higher rate of interest to be paid on premium bonds in order to increase the number of monthly prizes and thereby encouraging saving;

(3) if, instead of offering the weekly prize of £25,000, he will make that money available for distribution in the form of smaller prizes at the monthly draw so that a larger number of premium bond holders receive prizes.

Mr. Higgins

Premium Bonds are selling well at present and my hon. Friend the Chief Secretary did not consider that any further changes were necessary in the context of the changes in National Savings he announced on 22nd July in reply to my hon. Friend the Member for Hornsey (Mr. Rossi): but we shall keep the terms of all National Savings under review.

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