§ MR. FRANCIS BUXTON
asked Mr. Chancellor of the Exchequer, Whether the Treasury, or the Bank of England as their agents, have yet issued, or are contemplating the issue of a Circular to holders of Consols and other Government Stocks, drawing their attention to the proposals for a scheme of conversion; and, if not yet issued, whether he will be so good as to inform the House when he is likely to do so?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. CHILDERS)
Yes, Sir; it is contemplated, as my hon. Friend rightly anticipates, to issue a notice to holders of Consols and other Three per Cent Government Stocks, in pursuance of the National Debt Conversion Act. I had originally hoped that we might name a day in August as the last on which Stocks might be converted; but I have determined to defer this for a few weeks. Full notice of the day finally fixed will be given.