§ MR. WHITLEY (Liverpool, Everton)asked, Whether the Chancellor of the Exchequer could give the House any further information as to the actual progress of the Conversion Scheme?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)I am glad to say that the figures are still more favourable than those which I was able to announce to the House yesterday. The total amount of the assents from Consol holders and holders of Reduced is £307,000,000. The total amount converted, including New Threes, is £473,000,000. Out of £323,000,000, the total amount of Consols, only £68,500,000 remains unconverted. Out of £69,000,000 of Reduced £16,000,000 is unconverted. The total amount not converted out of the total Funded Debt of £558,000,000 is about £85,000,000. My hon. Friend will remember that Trustees are still allowed to hand in their assents up to the 12th of May, the 1st of June, and the 1st of September respectively, according to circumstances.