§ 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:
|2½ per cent. Annuities||8,200,000|
|2¾ per cent. Annuities||1,100,000|
§ Amounts outstanding on 31st March, 1916:
|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.