§ 60. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer the reasons under which he agreed to the issue of 3½ per cent. Gas Stock, 1969–71, at 98 per cent.
§ Mr. GaitskellI consider these terms appropriate to this particular stock, having regard to market conditions prevailing at the time of issue.
§ 61. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer what action he proposes to take to ensure, by the introduction of legislation or otherwise, that holders of stock in private gas companies receive adequate compensation when their stock is now evaluated in terms of British Gas Stock.
§ Mr. GaitskellI cannot agree that we should depart from the compensation terms laid down in the Gas Act and agreed by Parliament.