HC Deb 23 April 1907 vol 172 cc1551-2
MR. HAYDEN (Roscommon, S.)

To ask the Secretary to the Treasury whether he can state of £12,756,120 guaranteed land stock, 2¾ per cent., redeemable not before 5th August, 1921, how much has been exchanged for Consols, and at what price; how much has been purchased by Government, and at what price; how much has been extinguished, and at what price; how much is in hands of private investors; how much is lodged in court to the credit of estates sold under the Land Purchase Acts of 1891 and 1896, still unallocated; and what is the total outstanding amount of above stock now and by whom is it held.

(Answered by Mr. Runciman.)—

At 31st March, 1907, the total amount of Guaranteed Stock, issued under the Land Purchase Acts of 1891 and 1896, was £
13,635,373
of which there has been cancelled, as the equivalent of a similar amount of cash 894,595
Leaving still outstanding 12,740,778
Of this balance the National Debt Commissioners have given Consols in exchange, stock for stock, to the nominal amount of £7,950,000
and have, on balance, purchased at an average price of 96¼ 1,068,030
9,018,030
Leaving a balance of £3,722,748

which is held by the public and other Government Departments. I have no information as to the stock held otherwise than by the National Debt Commissioners.