HC Deb 08 February 1949 vol 461 cc31-2W
54. Sir J. Mellor

asked the Chancellor of the Exchequer why the National Debt Commissioners purchased £1,566,237 3s. 6d. undated 2½ per cent. Treasury stock at par for the County Court Funds Investment Account; what amount of this stock has been sold; and at what price.

Mr. Glenvil Hall

This was acquired to replace Local Loans Stock when the latter was redeemed on 6th January, 1947. Such a proportion of undated stock is entirely suitable for this Account, a large part of which can be regarded as being of a permanent nature. None of it has been sold.