HC Deb 03 March 1920 vol 126 c447
Mr. LAMBERT (by Private Notice)

asked the Chancellor of the Exchequer whether he can make any statement in regard to the results of the issue of 5¾ per Cent. Exchequer Bonds, which closed on Saturday last?

The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)

I gave the House approximate figures on February 24th showing that a total of about £99,000,000 Bonds were converted. It is not yet possible to give exact figures for the cash subscriptions, but I can say that the cash subscribed exceeds £60,000,000, making the total of the issue not less than £180,000,000. Out of a total of £198,200,000 of Exchequer Bonds maturing during 1920 we have therefore been able to provide £138,500,000 towards the £156,400,000 maturities in February and March and £21,500,000 towards the £46,800,000 maturity of 1st December., This will be recognised as a most satisfactory result. It is indeed much better than I had dared to hope or than competent advisers thought possible.