NO PREMIUM BONDS.
GOVERNMENT'S DECISION. ENDORSED BY THE COMMONS. A. and N.Z. LONDON, Dec. 3. The House of Commons, by 276 votes to 84, rejected Mr. Horatio Bottomley's motion in favour of premium bonds. Mr. Austen Chamberlain, Chancellor of the Exchequer, admitted that on further consideration he had changed his mind now, and without raising the moral question of right or wrong, he was opposed to premium bonds on the broad ground of financial ex- : pediency. There was no attraction ' in premium bonds apart from the gambling chance. They would probably capture some money not now saved, but it would be an inconsiderable amount compared with the moneys.which would be withdrawn from the Savings Banks and the war loans. • j Mr. Bonar Law endorsed Mr. I Chamberlain's views.
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New Zealand Herald, Volume LVI, Issue 17335, 5 December 1919, Page 7
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128NO PREMIUM BONDS. New Zealand Herald, Volume LVI, Issue 17335, 5 December 1919, Page 7
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