§ 99. Colonel WEDGWOOD
asked the Chancellor of the Exchequer if he will state, in view of the rejection of Premium Bonds, how he now intends to get the Floating Debt funded?
As the hon. and gallant Member knows, I do not accept the assumption underlying his question that an issue of Premium Bonds would have materially reduced the Floating Debt, nor can the conversion of, say, Treasury Bills into short-dated Bonds be properly described as funding. On the general question of funding, I can at present add nothing to my previous statements.