§ 56. Sir Stanley Reedasked the Chancellor of the Exchequer the amounts borrowed to date by means of the current issue of National War Bonds?
§ Sir K. WoodThe amount raised by the issue of 2½ per cent. National War Bonds, 1949–51, up to 25th July, 1942, was about £506,000,000. The House will remember that these Bonds were first issued in October, 1941, and that since 1st February, 1942, a second series of the Bonds called "A Series" has been on offer. The first interest payment on the "A Series" will fall due on 1st August, 1942, on which date they will be amalgamated with the original issue. I have decided that for the present the issue of National War Bonds on the existing terms shall continue, but Bonds issued on or after 1st August will be designated "B Series." The first interest payment on the new Series will be due on 1st February, 1943, on which date the Bonds will be amalgamated with the earlier issues.