§ 39. Captain P. MACDONALDasked the Chancellor of the Exchequer what was the approximate cost of the 5 per cent. War Loan conversion operation, including that of the cash bonuses and advertising?
Mr. CHAMBERLAINThe cost of the cash bonus and commissions will approximate to £23,000,000, and the remaining expenses including cost of additional staffs, advertising and postage to £600,000.