Skip to main content

New Tax Reserve Certificates (Interest)

Volume 530: debated on Tuesday 13 July 1954

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer what change he proposes to make in the rate of interest payable on tax reserve certificates.

Yes. I have agreed to the issue of a new tax reserve certificate (fourth series), which will bear interest at the rate of 1 per cent. per annum tax free instead of 1ΒΌ per cent. per annum tax free, the other terms being similar to those of the current issue. The new certificates will be available as from tomorrow, when the Bank of England will issue a prospectus containing the full terms of issue.