HC Deb 07 May 1875 vol 224 c370

Returns ordered, "showing the action of a scheme for the reduction of the National Debt by the annual conversion of Permanent Annuities into a 10 years' annuity of £500,000; the rate of interest being assumed at 3 per cent. and the purchase of 3 per cent. Funded Debt at par:"

"And, showing the increased annual charge, and consequent reduction of Debt, resulting from the operation of the scheme."—(Mr. Hubbard.)

House adjourned at a quarter before One o'clock, till Monday next.