HC Deb 20 January 1965 vol 705 cc97-8W
Mr. Pounder

asked the Chancellor of the Exchequer if he will consider converting 3½ per cent. War Loan at its present value into a security bearing a higher nominal interest rate of 4 per cent. or 5 per cent., thus taking account of the hardship being suffered by current holders of War Loan owing to the fall in the capital value of this security coupled with the relatively low interest yield being received by holders who purchased their holdings prior to 1952.

Mr. MacDermot