§ Mr. Nicholas Wintertonasked the Chancellor of the Exchequer what is his policy concerning the sale of premium bonds abroad.
§ Mr. Ian StewartUnited Kingdom law permits the purchase of premium bonds by people living abroad. If residents of other countries buy premium bonds, this may not be permitted by local laws. So national savings suggests that people resident abroad should check this. National savings does not accept purchase applications from residents of countries where it is known such laws exist.
§ Nicholas Wintertonasked the Chancellor of the Exchequer what has been the total revenue from the sale of premium bonds in each of the last 10 years for which figures are available; and how much of this revenue was generated by sales of premium bonds abroad in each of those years.
§ Mr. Ian StewartSales of premium bonds have been as follows:
Year £ million 1975 131.61 1976 149.03 1977 149.92 1978 190.62 1979 133.35 1980 160.02 1981 149.96 1982 159.62 1983 192.62 1984 206.70 Total 1,623.45 In the same period repayments totalled £929.71 million so the net amount received was £693.74 million.
Sales to people abroad are not recorded separately, but estimates suggest that they form a very small proportion.