HC Deb 25 October 1949 vol 468 cc117-8W
59. Mr. Skinnard

asked the Chancellor of the Exchequer whether, to encourage the special effort now being made to interest more people in the National Savings Movement, he will raise the total of National Savings certificates which may be held by any one person to £1,000 worth.

Sir S. Cripps

No. A higher limit on holdings would benefit taxpayers but would not, I believe, bring in increased net savings.

66. Sir J. Mellor

asked the Chancellor of the Exchequer whether he proposes to improve the terms offered for National Savings, having regard to the decline in net savings during the past six months.

Sir S. Cripps

No. The existing terms are still favourable to the small saver and I do not believe that improved terms would increase net savings to any useful extent.