HC Deb 04 April 1974 vol 871 cc418-9W
Mr. Tyler

asked the Chancellor of the Exchequer if he will take steps to compensate holders of Government 3½ per cent. War Loan stock for the falling value in their investment, reflected in the price at which it may be redeemed.

Mr. Dell

There 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.