Mr. WORTHINGTON-EVANSasked how much of the War Loan redemption money was paid to holders in cash and how much was reinvested compulsorily in Consols; and at what price or prices Consols were allotted?
§ Mr. HOBHOUSEThe amount of the War Stock and War Bonds outstanding on 5th April last, when they became redeemable, was £21,000,000. The redemption money claimed by holders in cash amounted to £18,753,137 4s. 9d. The balance of £2,246,862 15s. 3d. was on 31st May invested in Consols, in accordance with the provisions of the War Loan Redemption Act, the price paid for the stock being 82⅝.