§ Mr. PATRICK WHITEasked the Secretary to the Treasury whether he will state the quantity of Irish Guaranteed Two and Three-quarters and Three per Cent. Land Stock issued since the Government undertook responsibility for the loss on flotation, the price at which each issue was floated, and the loss to the Exchequer upon each issue of each class; and the total loss on each issue, respectively?
§ Mr. ILLINGWORTHThe following statement shows the stock issued for advances since the passing of the Irish Land Act, 1909:—
GUARANTEED 2¼ % STOCK. Date. Stock issued. Price. Net amount raised. Total loss on issue. £ £ £ £ 6th January, 1910 … … 1,750,000 83.15.6 xd. 1,466,062 283,938 6th April, 1910 … … 2,700,000 82. 3.1 xd. 2,218,162 481,838 31st May, 1910 … … 1,000,000 82.18.6 xd. 829,250 170,750 Advances in Stock … … 2,591,214 92 2,383,917 207,297 8,041,214 6,897,391 1,143,823 GUARANTEED 3 % STOCK. 2nd July, 1910 … … 3,600,000 92½ 3,302,640 297,360 5th April, 1911 … … 1,800,000 91.11.11 xd. 1,648,725 151,275 Advances in Stock … … 449,216 par 449,216 — 5,849,216 5,400,581 448,635 Total loss on issues £1,592,458. Of the total loss of £1,592,458, the sum of £262,009 will be made good from the Ireland Development Grant and the balance of £1,330,449 will be made good out of moneys provided by Parliament.