HC Deb 01 March 1926 vol 192 cc1032-3
93. Sir F. WISE

asked the Chancellor of the Exchequer the exact dates of the maturities of Government loans, internal and external, during 1927, 1928, and 1929?

Mr. McNEILL

With my hon. Friend's permission, I will circulate the statement in the OFFICIAL REPORT.

Following is the statement:

MATURITIES OF GOVERNMENT LOANS, INTERNAL AND EXTERNAL, DURING 1927, 1928 AND 1929.
— Date. Security. Amount outstanding, 31st March, 1925.(Finance Accounts, 1924–25, C. H. 116/1925.)
1927. £
Internal … 1st February … 5 percent. Treasury Bonds 110,132,037
1st October … 5 per cent. National War Bonds—Series I. 188,403,007
4 per cent. National War Bonds—Series I. 84,792,915
External … 1st February … 6 per cent. Central Argentine Railway Company Loan. 3,082,192 ($15,000,000)
1928.
Internal … 1st March … 3½ per cent. War Loan 62,713,997
1st April … 5 per cent. National War Bonds—Series II. 132,979,779
4 per cent. National War Bonds—Series II. 39,152,95
1st September … 5 per cent. National War Bonds—Series III. 207,865,385
4 per cent. National War Bonds—Series III. 21,370,816
External … 20th July 1929. … 5¼ per cent. Straits Settlements Loan 3,341,000
Internal … 1st February … 5 per cent. National War Bonds—Series IV. 86,012,505
4 per cent. National War Bonds—Series IV. 4,808,665
1st April … 5½ Treasury Bonds 30,637,392
External … 1st August … 5½ per cent. U.S.A. 10-year Gold Bonds 9,901,233 ($48,186,000)
15th November … 5 percent. Straits Settlements Loan 4,315,000
1. 5 per cent. National War Bonds of Series I, II and III carry the right of conversion at the option of the holder into 5 per cent. War Loan; 4 per cent. National War Bonds of the same Series into 4 per cent. War Loan; and 54 per cent. U.S.A. Gold Bonds into 5 per cent. National War Bonds Series IV, 1929.
2. H.M. Government have the right to redeem 5 per cent. War Loan, 1929–47 (£1,986,985,763), and 4 per cent. War Loan (£65,860,718) at any time on or after 1st June, 1929, and 15th October, 1929, respectively, on giving three months' notice in the "London Gazette."
H.M. Government also have the option to repay the 44 per cent. War Loan, 1925–45 (£12,804,441), at any time up to 1st December, 1945, on giving three months' notice in the "London Gazette."