§ 35. Mr. SAMUEL ROBERTS
asked the Chancellor of the Exchequer whether, in 406 view of the low record price of Consols at present prevailing, he will consider the desirability and necessity of fixing a date of maturity to the annuities, it being the opinion of bankers and others that Consols bearing a fixed date of redemption, even though distant, would be more stable in price than under present conditions?
§ Mr. S. ROBERTS
Is the right hon. Gentleman aware that the general opinion in the City is that some fixed period of redemption is desirable?
§ Mr. LLOYD GEORGE
I went into the matter with a number of bankers a short time ago, and I was surprised at the diversity of opinion. I have had suggestions on these lines, but I have found that other bankers have criticised them very severely.