§ Mr. Tylerasked the Chancellor of the Exchequer if he will take steps to compensate holders of Government 3½ per 419W cent. War Loan stock for the falling value in their investment, reflected in the price at which it may be redeemed.
§ Mr. DellThere is no provision in the War Loan prospectus which would allow the payment of compensation for market losses and it is a cardinal principle of the Government's operations in the market that, once a stock is issued, its terms are never varied one way or the other. Such an action would in any case operate inequitably in relation to past holders of War Loan and present and past holders of other Government stocks who have suffered market losses.