§ 82. Mr. Remnantasked the Chancellor of the Exchequer why the executors of an estate holding Premium Bonds are not allowed to participate in the draw.
§ Mr. PowellAs clearly stated on the Bond and in the Prospectus, the eligibility of a Bond for inclusion in further draws ceases when the bondholder dies. Bonds have been made non-transferable in all circumstances, so as to keep the scheme simple and economical.
83. Mr. H. Wilsonasked the Chancellor of the Exchequer if he will state the percentage of all Premium Bonds sold in 1956 which at the end of the year were held by individuals whose total holdings were £500 or were in excess of £100, respectively.
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§ Mr. PowellIt is not possible to give figures for holdings; but as regards sales, 27 per cent. of all Bonds sold in 1956 were in denominations of £500, and 40 per cent. (including the 27 per cent.) in denominations in excess of £100.