§ Sir G. Mitcheson
asked the Financial Secretary to the Treasury whether he will state the highest and lowest average rate at which Treasury Bills have been sold during the present war and, for comparison, the lowest rate on any Friday during the Great War, and also the lowest rate on any Friday during the years 1919 to 1931, inclusive?
§ Captain Crookshank
During the present war the highest rate for three months tender bills has been £3 12s. 1d., the average for the period to date £27s., and the lowest £13s. 4d.
During the last war, several different methods of sale of Treasury Bills were 72W in force at various times and the commonest type of bill was for six months. The highest rate for six months bills was £5 17s. 6d., the average £4 6s., and the lowest £1 12s. 3d.
During the years 1919 to 1931 inclusive, for three months bills sold by weekly tender the highest rate was £6 5s. 3d., the average £4 1s. 6d., and the lowest £1 13s. 6d.