§ 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?
§ Mr. CHURCHILL
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.