§ Mr. Spriggs
asked the Chancellor of the Exchequer, what estimate he has made of the effect of the recent decision to institute a premium bond prize of £25,000 on the sales of premium bonds to the latest convenient date; and whether he will now institute further saving schemes, with the aim of increasing the numbers of people who save regularly.
§ Mr. Harold Lever
In the period since the introduction of the £25,000 prize (1st September to 7th December, 1968) net receipts from premium bonds were £33. 4 million compared with £11. 9 million in the corresponding period last year. This is a gratifying result. Further savings schemes are under consideration.