§ Mr. Tugendhat
asked the Chancellor of the Exchequer what plans he has to raise the minimum purchase of premium savings bonds which may be made at any one time.
§ Mr. Higgins
In order to help absorb increased administrative costs, the minimum purchase of Premium Savings Bonds which may be made at any one time will be raised from £1 to £2 from 5th February, 1972. There will be no other change in the terms. The price of each unit will remain £1, and each £1 unit will continue to have an equal and separate chance in each prize draw. Existing bonds and those purchased before 5th February, 1972, will not be affected in any way. Further particulars of the change are being given in a Press notice being issued by the Department of National Savings today.