§ SIR J. LENG (Dundee)
I beg to ask Mr. Chancellor of the Exchequer if he can state the number and total amount of the subscriptions for the war loan; what sums have been offered from Abroad and from the United Kingdom respectively; what applications were between £100 and £1,000, between £1,000 and £100,000, and between £100,000 and £1,000,000; and what was the amount of the maximum application; and on what system, if any, the allotments will be issued, discriminating between small and large applications.
§ *THE CHANCELLOR OF THE EXCHEQUER (SIR M. HICKS BEACH,) Bristol, W.
I will give the hon. Member the best answer I can to this question; but, of course, the House will see that there may have been more than one application from one applicant in certain cases, and, on the other hand, that there may have been several applicants included in one application—from a broker, for example. The number of applications was about 39,800. The total amount applied for was £335,500,000. It is impossible to say how much of this total was applied for from abroad. The number of applications from £100 to 1177 £1,000, both inclusive, was 30,800; the number of applications from £1,100 to £100,000, both inclusive, was 8,630; the number of applications from £100,100 to £1,000,000, both inclusive, was 344. The largest application was £10,000,000. The system of allotment will be that large applicants (i.e., for £10,000 and upwards) will receive 6 per cent.; applicants for sums below that amount will receive allotments varying from 6 per cent. to an allotment in full for as many of the smallest as can be arranged.