§ 65. Mr. Pounder
asked the Chancellor of the Exchequer what was the value of 31 per cent. War Stock on 1st January, 1946; and what would be its comparable value in present-day terms as at 1st July, 1965, taking into account the fall in the value of the £ sterling in the intervening 19 years.
§ Mr. Diamond
On 1st January, 1946 the price of 3½ per cent. War Loan was 1033/16; on 1st July, 1965 it was 51½, Taking account of changes in the purchasing power of the £ sterling between the year 1946 and June, 1965, the price on 1st July, 1965 would be equivalent to about 26 in 1946.