§ 52. Mr. Stokesasked the Chancellor of the Exchequer what sum has been paid as interest on bills issued by tap between 1st January and 30th June, 1941; and what has been the average monthly sum so borrowed?
§ Sir K. WoodThe total amount of interest paid on tap Treasury bills during the six months ended 30th June, 1941, was rather less than £4,000,000: generally speaking, this sum accrued directly or indirectly for the benefit of the Exchequer. It has never been the practice to publish monthly averages of the sums so borrowed.
§ Mr. StokesWhat is the rate of discount?
§ Sir K. WoodIf the hon. Member puts a Question down, I will answer it.