§ Mr. Frank Allaunasked the Chancellor of the Exchequer what is the value of contracts entered into between savers and building societies under the Save As You Earn scheme since it started on 1st October, 1969; what is his estimate of the number of future contracts; and how 286W many additional house mortgages he estimates the scheme will provide.
§ Mr. TaverneAbout 75,300 contracts have been entered into in the first two months and if all ran for five years the total contributions would be about £37 million. While the initial response to the scheme has been most satisfactory, it is impossible to estimate the number of future contracts, or the volume of new mortgages attributable directly to S.A.Y.E. finance.