§ Sir B. Rhys Williamsasked the Chancellor of the Exchequer what was the highest effective net yield that could have been obtained by a man on the national average wage investing £100 in National Savings scheme on 30th November, 1970; and what was the highest effective yield he could have obtained by purchasing Government stock through the stock market at the close of business on the same day.
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§ Mr. HigginsAssuming that he is a standard rate taxpayer the highest net return would be from National Savings Certificates which, if held to maturity, offer repayment equivalent to an annual average yield of £5 15s. 0d. The highest after tax return—including estimated annual capital gain to redemption—from a Government security would be £7 6s. 0d. from 3 per cent. British Transport Stock 1978–88.