§ Mr. LESLIE SCOTT
asked the Chancellor of the Exchequer whether the Four and a-half Cent. War Stock carries any conversion rights in case of future loans?
No, Sir. Under the terms of the prospectus the conversion rights given to the holders of Four and a-half per Cent. War Loan were confined to future issues (other than issues made abroad or issues of short-dated securities) for the purpose of carrying on the War.