§ Mr. HOGGEasked the Chancellor of the Exchequer what is the amount of debt upon which he has estimated a charge for interest and sinking fund of £360,000,000 in a normal year; and how he arrives at that figure?
Mr. CHAMBERLAINThe amount is approximately £7,000,000,000, and its composition is explained by paragraph 4 of the Memorandum prefixed to Command Paper 376.