HC Deb 28 February 1934 vol 286 c1113W

asked the Financial Secretary to the Treasury if he will give the net gain to the Exchequer for the current financial year arising from the conversion of the 5 per cent. War Loan?


The direct gain to the Exchequer this year resulting from the War Loan Conversion operation is nearly £32,000,000 gross, or, if account is taken of the loss of Income Tax and Surtax, it may be about £24,500,000 net.