§ Mr. CURRIEasked the Chancellor of the Exchequer whether evidence has been placed before him that the reduction recently effected in, the number of days required to handle transactions in registered War Loan, etc., though an improvement in procedure, does not meet the seller's difficulty; whether he is aware that in a recent case a leading firm of brokers in Glasgow were unable to place a sum of £6,000 in War Bonds for this reason; and whether he proposes to take action in the matter?
§ Mr. BONAR LAWI understand that in the case referred to by my hon. Friend the transfer was registered and a new certificate was issued in about three days, a period which compares very favourably with the time taken by all other institutions or companies to issue new certificates. Further, the Bank of England have long since intimated their readiness to certify transfers and sub-transfers of Government Stocks and thereby place registered stocks on exactly the same footing as any non-Government security. The 47W Government and the Bank of England have done everything in their power to remove the difficulty.
§ Mr. WILSON-FOXasked the Chancellor of the Exchequer what amounts, approximately, were subscribed to War Loans in each year of the War by Income Tax payers and non-Income Tax payers respectively?
§ Mr. BONAR LAWI am afraid this information is not available.