§ Mr. MacVEAGHasked the Chancellor of the Exchequer why the Government is issuing Four per Cent. War Bonds at 101½, whilst Bonds bearing the same rate of interest can be bought in the open market at 100¼?
Mr. CHAMBERLAINThese Bonds are issued because there continues to be some demand for them. I am not prepared to issue a Four per Cent. Tax Compounded Bond at a lower price.