§ 103. Mr. D. G. SOMERVILLEasked the Chancellor of the Exchequer whether any part of the new Conversion Loan is to be underwritten privately in consideration of a commission?
§ Mr. P. SNOWDENNo, Sir. It may be of interest to the House if I add that the cash responses to the loan have been so satisfactory that the list closed at 2 o'clock to-day. The conversion part, of course, remains open for some days.
§ Mr. SOMERVILLEDoes not the right hon. Gentleman now realise how unnecessary it was to underwrite the last loan?