§ Mr. Bill MichieTo ask the Chancellor of the Exchequer what is his estimate of the cost to the Exchequer of redeeming(a) 3½ per cent. war loan and (b) all undated Government securities.
§ Mr. LilleyThe cost of redeeming 3½ per cent. war loan would be £1,909 million. The cost of redeeming all undated Government securities would be £3,220 million.