HC Deb 16 July 1925 vol 186 c1526
38 and 39. Major KINDERSLEY

asked the Chancellor of the Exchequer (1) what was the total amount of revenue for 1924-25 applicable to meeting the charge for interest on the Turkish Four Per Cent. Guaranteed Loan of 1855; and was there any surplus remaining after meeting such interest; and, if so, how much did the surplus amount to;

(2) if he will give a list of the securities amounting to £642,400 nominal, representing the investment of the accumulated surplus which has arisen from the funds allotted to the payment of the interest on the Turkish Guaranteed Loan of 1855?


The contributions received in 1924–25 were insufficient to cover the interest on the guaranteed loan; the remainder of the question does not therefore arise. I do not think it is desirable to state, in what precise securities the, past surpluses are invested.