HC Deb 15 May 1916 vol 82 c1121
30. Mr. NEVILLE

asked the Chancellor of the Exchequer what is the amount of Consols and Annuities which were converted into New 4½ per cent. War Loan; and what is the amount of such Consols and Annuities now outstanding?

The CHANCELLOR of the EXCHEQUER (Mr. McKenna)

The final figures are not yet available. The following are the appropriate figures as at 31st March, 1916:

Converted into 4½ per Cent. War Loan 1925–1945:

Consols £255,200,000
2½ per cent. Annuities 8,200,000
2¾ per cent. Annuities 1,100,000

Amounts outstanding on 31st March, 1916:

Consols £280,500,000
2½ per cent. Annuities 21,600,000
2 ¾ per cent. Annuities 2,700,000

The £255,200,000 Consols converted include £35,800,000 which were formerly held by the Post Office and Trustee Savings Bank Funds and were converted in connection with subscriptions through the Savings Banks to the 4 ½ per cent. Loan.