§ Mr. Remnantasked the Chancellor of the Exchequer if he is aware that the necessity to obtain the consent of the Postmaster-General before a sale of the new 3 per cent. Defence Bonds (Conversion Issue) will militate against conversions and subscriptions; and what steps he proposes to take to overcome this.
§ Mr. Boyd-CarpenterI presume that my hon. Friend refers to the fact that the consent of the Postmaster-General is required for the transfer of 3 per cent. Defence Bonds (Conversion Issue) from one member of the public to another. This condition is common to the Conversion Issue and to the current tap issue of Defence Bonds. I have no evidence that anyone has been deterred from accepting the conversion offer or from subscribing to the current tap issue by this condition and I see no reason to alter it.