§ 61. Mr. GILLETTasked the Financial Secretary to the Treasury what is the average rate at which Treasury bills have been allotted during the period covered by the present coal stoppage; and what would have been the actual saving to the nation if the bills could have been discounted at 1 per cent. below the rate at which they were sold?
§ Mr. McNEILLThe average rate has been £4 7s. 3d. A reduction of 1 per 1684 cent, in the rate of discount would have reduced the cost by a little over £1,000,000.