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Save As You Earn

Volume 893: debated on Friday 13 June 1975

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asked the Chancellor of the Exchequer why a banker's order of a London clearing bank is no longer an acceptable standing order instruction in respect of the Save As You Earn savings contract (series 3).

Arrangements which have been made for the payment of contributions in respect of Save As You Earn (Third Issue) contracts, which will be introduced on 1st July, are exactly the same as for current (Second Issue) contracts and include bankers' orders of the London clearing banks.