§ Mr. ALBERYasked 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?
Mr. CHAMBERLAINIt 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.