§ Sir D. Kaberryasked the Chancellor of the Exchequer what is the total amount in cash represented by premium bonds which, since inception of the scheme, have never been drawn for prize by Ernie; and what is the net saving to Her Majesty's Treasury in interest by this amount.
§ Mr. Denzil DaviesNo separate record is kept of bonds that have not won prizes. No savings arise as a result of some bonds not winning a prize. Each monthly prize fund is determined by calculating one month's interest on each bond eligible for the draws in that month, currently at a rate of interest of 5⅝ per cent. per annum; and the whole is paid out with the exception of very few prizes where winners cannot be traced.