§ 39. Major KINDERSLEY
asked the Secretary of State for Foreign Affairs what is the present amount of the accumulated surplus which has arisen from the funds allotted to the payment of the interest on the Turkish Guaranteed Loan of 1855; how is it invested; and how will it be employed?
§ The FINANCIAL SECRETARY to the TREASURY (Mr.W. Guinness)
The accumulated surplus referred to has been invested from time to time in various securities issued or guaranteed by the British Government, and there is no present intention of modifying such arrangements. The nominal value of the securities now held is £642,400.