Mr. Woodhurnasked the Chancellor of the Exchequer what increase is paid on the matured national certificates of each issue where these are not cashed; whether interest continues to be paid on the amount of the matured bond or whether it is paid on the total each year of bond and interest; and whether interest ceases after any given number of years in each issue.
§ Mr. Harold LeverMatured National Savings Certificates continue to increase in value by increments which are added at intervals in accordance with prescribed scales. I will send my right hon. Friend a leaflet giving full particulars.
Certificates of the 1st to 6th Issues inclusive may be held, and will continue to earn interest, indefinitely. The currency of matured certificates of subsequent Issues has been extended for fixed periods, but as these periods terminate it is the practice to announce terms on which the certificates may continue to be held for a further period.