§ 53. Sir F. WISEasked the Chancellor of the Exchequer the amount of brokerage paid at 5s. per cent., and the amount of brokerage at 2s. 6d. per cent. on the issue of the 4½ per cent. Treasury bonds, 1934; and if a brokerage of as much as 5s. per cent. on a British Government security has ever been paid before?
§ Mr. McNEILLThe approximate amount of brokerage paid at 5s. per cent. was £168,000 and at 2s. 6d. £2,000. The arrangements made were those normal in the case of conversion offers; the same brokerage rates have been paid on many similar occasions.