§ 24. Mr. JAMES HUDSONasked the Chancellor of the Exchequer the aggregate increase in the nominal amount of the National Debt through conversion operations from November, 1924, to the present time; and what is the annual saving of interest by these conversions?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Arthur Michael Samuel)I would refer the hon. Member to the replies given by my right hon. Friend the Chancellor of the Exchequer to the hon. Member for the Isle of Thanet (Mr. Harmsworth) on the 15th November last and to the hon. Member for Leicester (Mr. Pethick-Lawrence) on the 14th February, of which I am sending him a copy.