§ Mr. BOTTOMLEYasked the Chancellor of the Exchequer for what reason the rate of discount upon Treasury Bills has recently been increased from 31 per cent. and 4 per cent. to 41; per cent. and 5 per cent.?
§ Mr. BALDWINOn general grounds, and in particular because the sales of Treasury Bills at the lower rates were insufficient to provide the Exchequer with the requisite funds without undue recourse to Ways and Means advances.