§ Sir P. Hannonasked the Chancellor of the Exchequer whether the current issues of National War Bonds and Savings Bonds will be continued after the forthcoming interest date?
§ Sir K. WoodYes, Sir. But for technical reasons it will be necessary to adopt the usual practice of issuing a new series of each security. Two and a half per cent. National War Bonds 1951–53 were first issued in December, 1942, and the first interest payment will fall due on 1st March, 1943. Bonds issued after 28th February will be designated "A Series," with a first interest payment due on the 1st September, 1943, on which date they will be amalgamated with the original issue. Three per cent. Savings Bonds 1960–70 were first issued in May, 1942, and a new series called "A Series" was issued as from 1st September, 1942. The first interest payment on the "A Series" will fall due on 1st March, 1943, and on that date the series will be amalgamated with the original issue. Bonds issued after 28th February will be designated "B Series" with a first interest payment due on the 1st September, 1943, on which date the series will be amalgamated with the earlier issues.