Mr. SHIRLEY BENNasked the Chancellor of the Exchequer if arrangements will be made by which people with small means who are subscribers for war savings certificates can arrange when the books with twelve certificates are filled to have the twelve certificates turned into one certificate, in order to prevent the books with twelve certificates being repayable on twelve separate dates?
§ Mr. McKENNAThe answer is in the negative. I doubt if the suggestion would meet with favour among the holders of war savings certificates, as the convenience of being able at any time to cash one out of a holding of several certificates is greatly appreciated. I would further point out that as certificates are always encashable, the holder can, if he so wishes, cash all the certificates at the same time, although the full five years may not have been completed in the case of all of them, though, of course, in so doing he foregoes some part of the interest.