§ Mr. H. H. MARKSasked the Chancellor of the Exchequer whether he could state why the unexpended balance of Sinking Fund moneys in the hands of the National Debt Commissioners, which at the end of 1907–8 amounted to £1,132,000, amounted at the end of 1908–9 to £7,667,000?
§ Mr. LLOYD-GEORGEI cannot add anything to what I said on this subject in my Budget speech. The precise date at which money available for the reduction of debts should be applied to that purpose must depend upon the condition of the market from time to time and other considerations which vary from year to year.
§ Mr. H. H. MARKSasked Mr. Chancellor of the Exchequer whether he could state the amounts of the unexpended balances of Sinking Fund moneys in the hands of the National Debt Commissioners at the end of the years 1906–7, 1907–8, and 1908–9, respectively?
§ Mr. LLOYD-GEORGEIn his previous question the hon. Member has stated correctly the amounts of the unexpended balances of Sinking Fund moneys in the hands of the National Debt Commissioners at the end of the year 1907–8 and 1908–9 respectively. At the end of the year 1906–7 the corresponding amount was £1,502,000.