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War Savings Certificates (Weekly Statistics)

Volume 360: debated on Thursday 9 May 1940

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43.

asked the Chancellor of the Exchequer whether he will consider the advisability of arranging that the weekly statistics of subscriptions for War Savings Certificates shall, in future, be a net figure after deduction of the amount paid out for certificates which have become due?

I think that the figures of actual subscriptions to Savings Certificates are of general interest, and I should not like to discontinue publication in their present form. Information as to the principal of certificates paid off is, of course, available with weekly Exchequer Accounts: these latter figures are of very much smaller order.

But it is not clear unless the amount which is being paid out is shown at the same time. Will not the Chancellor consider publishing figures which will give a real indication of the additional net weekly subscriptions?

Such figures are not, I think, so immediately available. I dare say that the hon. Member will remember that in my Budget speech I was careful to make clear by how much receipts during the year as a whole exceeded repayments.

Will the Chancellor consider relating one figure to the other, instead of keeping them entirely separate?