HC Deb 14 July 1966 vol 731 cc273-4W
Mr. Pounder

asked the Chancellor of the Exchequer what is the comparable value in present day terms at 1st July, 1966 of 3½ per cent. War Stock which was 103⅙ on 1st January, 1946, taking into account the fall in the value of the £ sterling in the intervening 20 years.

Mr. MacDermot

On 1st July the price of 3½ per cent. War Loan was 50¼. Taking account of changes in the purchasing power of the £ sterling between the year 1946 and May, 1966, this is equivalent to about 24½ in 1946.