§ Mr. KENYON
asked the Chancellor of the Exchequer what is the total sum of money represented by the depreciation of home railway shares from the outbreak of the War to date?
§ Mr. NEAL
I have been asked to reply to this question. The amount of depreciation of railway as of other shares since the outbreak of the War may be calculated from data which are generally available. I have no precise figure, but the depreciation since July, 1914, is estimated to amount to about 34 per cent., or a slightly lower ratio than that shown in the case of Consols.