PREMIUM BONDS.

Taranaki Herald, Volume LXVII, Issue 16608, 4 December 1919, Page 3

PREMIUM BONDS.

REJECTED BY HOUSE OF COMMONS. X BY THREE TO ONE MAJORITY. By Telegraph—Press Assn.— Cop.rP~r,t(Received Dec. 4, 10.40 a.m.) LONDON, Deo. 1. The House of Commons, by 276 votes to 84, rejected Mr. Bottomley’s motion in favour of premium bonds. Mr. Chamberlain admitted that, on further consideration, he had changed his mind and was now, wituout raising the moral right or wrong, opposed to premium bonds on the broad ground of financial expediency. There was no attraction in premium bonds apart from the gambling chance. They would probably capture some money not now saved, but an inconsiderable amount compared with tho money ■which would be withdrawn from the savings hanks and war loans. Mr Bonar Law endorsed Mr. Chamberlain’s views.—Aus-N.Z. Cable Assn.