HC Deb 02 December 1931 vol 260 c1092
65. Mr. McENTEE (for Mr. THORNE)

asked the Chancellor of the Exchequer what additional expenditure has been incurred by the Government in consequence of the rate of interest being increased for Treasury bills for the period 21st September to 28th November, 1931?

Major ELLIOT

If the rate of interest for the period 21st September to 28th November had continued at the rate current on 21st September, this expenditure would have been about £1,000,000 leas.