BRITISH WAR BONDS
NOVEL ISSUE PLANNED
(Reed, Nov. 22, 9 a.in.) LONDON, Nov. 21
The Chancellor of the Exchequer, Sir John Simon, speaking on the proposed issue of war securities, said that the new national savings certificates would be exactly on the same lines as at present and would carry the same benefits such as exemption from income tax.
The defence bonds would be of a novel kind and would enable those holding the maximum of 500 to continue to lend money to the State. Interest on tlie bonds would be subject to income tax, but the tax would not ue deducted at the source. An individual would not be permitted to hold over £IOOO worth of bonds.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20102, 23 November 1939, Page 7
Word Count
118BRITISH WAR BONDS Gisborne Herald, Volume LXVI, Issue 20102, 23 November 1939, Page 7
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