§ Sir W. Smithersasked the Chancellor of the Exchequer what amount of the total redemptions of Tax Reserve Certificates to 3oth June, 1944, represented cash repayments and what amount was in respect of payments of taxation; and whether he will arrange that in future monthly statements of debt operations, the particulars regarding redemptions of the certificates, shall distinguish between cash repayments and repayments due to the handing over of certificates for purposes of tax payments?
§ Sir J. AndersonIn reply to the first part of the Question, the figures are:
£ Amount applied in payment of taxes 658,683,000 Amount repaid in cash 11,834,000 In reply to the second part, I think that the proportion repaid in cash is too small to justify a separate entry in the monthly statement of debt transactions.