§ Mr. ALBERY
asked the Chancellor of the Exchequer the results of the offer made on 22nd December last to holders of certain Newfoundland stocks to convert their holdings into Government of Newfoundland 3 per cent. Guaranteed Stock, 1943–63?
It is not yet possible to give final, figures, but I am glad to be able to state that up to date non-trustee securities to the value of £15,135,310, or approximately 99 per cent., have been converted under the terms of the offer. In addition, holders of trustee securities to the value of £497,117 have exercised the option of converting their holdings into guaranteed stock.