§ Major Morrisasked the Chancellor of the Exchequer why selling centres are prohibited from accepting applications for 3 per cent. Savings Bonds, 1960–70, Series D, and only local banks can sell National Defence 2½ per cent, and Savings Certificates.
§ Sir J. AndersonI assume that in referring to "National Defence 2½ per cent." my hon. and gallant Friend has in mind either 2½ per cent. National War Bonds, 1952–54, or 3 per cent. Defence Bonds which, in addition to 3 per cent. Savings Bonds, 1960–70, are the only issues of Bonds at present open to subscribers. Facilities for the sale of bonds can only be provided where adequate arrangements can be made for handling the considerable sums of money involved. Therefore the general rule is that bonds are sold at the permanent selling centres of the National Savings Committee, but not at the temporary selling centres set up during special Savings Weeks. Where the centre cannot handle bond business the prospective purchaser is referred to a bank or post office. All selling centres, both permanent and temporary, sell National Savings Certificates.