§ Sir W. Smithersasked the Chancellor of the Exchequer whether he will state, for each of the past three years to 30th June, the amount of Treasury deposit receipts which have been cashed before maturity, the approximate total of each form of Government loan to which the proceeds of such encashments have been applied and the basis of calculation for arriving at the individual totals?
§ Sir K. WoodThe table below shows the subscriptions to war loans covered by repayments of Treasury deposit receipts before maturity. The allocation of the amounts repaid between the different classes of loans is approximate. The subscriptions cover those on the banks' own account and also those on behalf of their customers. The particulars given have been supplied, by the banks. In addition to the repayments summarised below, Treasury Deposit Receipts amounting to£2,000,000 were repaid before maturity and under discount in the year ended 30th June, 1942, to cover emergency needs.
The figures are as follow