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Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 19th November 1957.
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asked the Chancellor of the Exchequer if, in view of the increase of the Bank rate, he will agree to increase the maximum holding of the tenth issue of National Savings Certificates with a view to encouraging saving amongst people of modest means.
I am not proposing to make any changes in the terms of National Savings at the present time.
Does not the right hon. Gentleman think it would be a much more worthy way of encouraging people to save than the very doubtful expedient of Premium Savings Bonds?
I do not think it would help at all if I were to forecast changes in the terms of National Savings Certificates.
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