HC Deb 31 July 1974 vol 878 cc236-7W
Mr. Farr

asked the Chancellor of the Exchequer if, in view of his answer on 5th July, 3 per cent. Redemption Stock 1986–96 will be repaid at an earlier date than 1996 if sufficient funds have accumulated from the Account of Receipts and Payments of the Redemption Annuities and from the Account of the Redemption Stock Sinking Fund.

Mr. Dell

The right time to redeem the stock, within the period 1st October 1986 to 1st October 1996, will depend on the view of the Government of the day, taken in the light of the market conditions then obtaining.