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National Savings Certificates

Volume 154: debated on Tuesday 23 May 1922

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asked the Chancellor of the Exchequer the amount of War Savings Certificates included in the National Debt total of £7,654,500,000 as at 31st March, 1922; whether these are included at their issue price or at their redemption value; whether any interest on this portion of debt is provided for in this year's Budget; and, if so, how much?

The total of the National Debt at 31st March, 1922, includes £340,000,000 in respect of National Savings Certificates which are taken at their issue price. The estimate for National Debt services in this year's Budget includes £8,000,000 for interest on National Savings Certificates.