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50.
Sir J. HARMOOD-BANNER
asked the Chancellor of the Exchequer whether, in view of the desirability of reducing the unfunded debt and raising funds to pay the American indebtedness, he will remove the limitations of amount of investment in war savings certificates and permit unlimited investment, arranging the rate of interest to meet the popularity of the security?
Mr. BALDWIN
I would refer my hon. Friend to the answer I gave on this subject on the 5th December last to my hon. Friend the Member for Lincoln, of which I am sending him a copy. I would only add that savings certificates are themselves unfunded debt.