§ Mr. CLOUGH
asked the Chancellor of the Exchequer whether, in view of the fact that one-eighth per cent, per annum 1746W of Five per Cent. War Loan is being redeemed and cancelled whenever the market price is below issue price, he can state the amount thus expended, with dates, and the nominal amount of stock thus cancelled to the present time?
The sums that have been applied from the Depreciation Fund to the purchase and cancellation of Five per Cent. War Loan, 1929–1947, and the nominal amounts of such stocks that have thereby been cancelled are respectively as under:—
— Sums applied. 5 per cent. War Loan cancelled. £ s. d. £ Year ending 31st March, 1918. 32,089,780 14 0 33,955,000 Year ending 31st March, 1919. 21,914,498 8 9 23,250,000 Year ending 31st March, 1920. 28,336,718 15 0 30,801,000 Period 1st April to 30th November, 1920. 19,161,165 12 6 22,570,000 101,502,163 10 3 110,576,000