§ Mr. Brookeasked the Chancellor of the Exchequer whether he is aware that small holders of 4½ per cent. Conversion Loan may be induced to claim repayment on account of the prospectus conveying the impression to them that no alternative 807W except 2 per cent. Conversion Loan is available; and whether, to avoid this, he will provide facilities for them to convert direct into 3 per cent. Defence Bonds up to the maximum permitted holding of that security?
§ Sir J. SimonI could not at this stage add an alternative conversion offer which would apply only to a section of the holders of the 4½ per cent. Conversion Loan; but, as I said in the course of my statement of the Government's proposals regarding that loan, if a small holder chooses to be repaid rather than accept the offer of 2 per cent. Conversion Loan and to put his money into 3 per cent. Defence Bonds, there can be no objection to his doing so.