HC Deb 15 June 1950 vol 476 cc32-3W
Mr. Chetwynd

asked the Chancellor of the Exchequer whether he will make a statement about the issue of compensation stock under the Coal Industry Nationalisation Act, 1946.

Sir S. Cripps

A first issue of about £20 million of 3½ per cent. Treasury Stock, 1977–1980, is being made today at par in partial satisfaction of compensation due to certain undertakings. The Treasury have determined in accordance with Section 21 (3) of the Act that £100 of this stock is equal in value today to £100 of compensation due.