§ Dr. Broughtonasked the Chancellor of the Exchequer if he will introduce legislation to allow Premium Bond prizes that have not been claimed by prize-winners within 12 months to be used for purposes of medical research.
§ Mr. Maurice MacmillanNo. The amount is not enough to warrant departing from the present arrangement, which follows the practice on unclaimed Government stock and dividends.
§ Dr. Broughtonasked the Chancellor of the Exchequer if he will revise the form of application for the purchase of Premium Bonds so that an applicant can give also the name and address of his bank, or the number of his Post Office Savings Bank account, to allow any prize-money to be paid direct into his account.
§ Mr. Maurice MacmillanNo. I believe the present simple system best meets the wishes of the great majority of prize-winners.
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§ Dr. Broughtonasked the Chancellor of the Exchequer what is the total amount of money unclaimed by Premium Bond prize-winners in all draws up to and including that of December, 1963.
§ Mr. Maurice MacmillanThe total amount of money unclaimed by Premium Bond prize-winners in all draws up to and including that of December, 1963, is £73,450, roughly a thousandth part of the total prize money made available.