§ 100. Mr. MACLEANasked the Chancellor of the Exchequer whether, in view of the heavy burden the interest on the War Loan places on the country, he has any scheme prepared, either by conversion or reduction in interest, whereby this burden can be substantially reduced or entirely removed?
§ Mr. McNEILLMy right hon. Friend certainly contemplates that the conversion of the debt already begun will continue in the future.
§ Mr. MACLEANCan the right hon. Gentleman say when he is likely to introduce any legislation to that effect? These promises are rather vague, and the burden is pressing in the meantime.
§ Mr. McNEILLNo, Sir. I do not think any legislation is contemplated or possible.
§ Mr. MACLEANThen it is only a hazy notion that some time in the future, if he is fortunate enough—
§ Mr. McNEILLNo, Sir, it is a notion, but not in the least hazy.