HC Deb 17 July 1911 vol 28 c682
Mr. NEWMAN

asked the Chancellor of the Exchequer whether his attention has been drawn to the price quoted on the Stock Exchange for 2¾ per cent, and 3 per cent. Irish Land Stock; whether such stocks possess a national guarantee fully equal to that of 2½ per cent. Consolidated Stock; and whether he can state, on behalf of His Majesty's Government, that under no circumstances will Irish Land Stock be issued with other than the full guarantee it now enjoys?

Mr. HOBHOUSE

The credit of the various stocks which possess directly or indirectly the guarantee of the Consolidated Fund cannot, I think, be regarded as other than equal. But there are various reasons, often connected with the existence of opportunities for ready sale, which induce the market to show a preference for one or other of them. I fear I cannot see what purpose would be served by the statement suggested by the hon. Member.