WAR LOANS. (Hansard, 28 April 1920)

§ Mr. SPOOR

asked the Financial Secretary to the Treasury if he will state the following particulars of the various War loans, viz., the date of issue of each; the amount of the loan; price of issue; the

Description of Loans	Date of issue.	Amount.	Issue Price.	Rate of Interest.	Date of Redemption.
		£	£	s.	Per cent.
3½% War Loan, 1925–28	Nov., 1914	350,000,000	95	0	3½	1 March, 1928, or any time after 1 March, 1925, on three months' notice by Treasury.
4½ War Loan, 1925–45	June, 1915	†	100	0	4½	1 Dec, 1945, or any time after 1 Dec, 1925, on three months' notice by Treasury.
4% War Loan, 1929–42	Jany., 1917	†	100	0	4^*	15 Oct., 1942, or any time after 15 Oct., 1929, on three months' notice by Treasury.
5% War Loan, 1929–47	Jany., 1917	†	95	0	5	1 June, 1947, or any time after 1 June, 1929, on three months' notice by Treasury.
4% Funding Loan, 1960–90.	June, 1919	†	80	0	4	1 May, 1990, or any time after 1 May, 1960, on three months' notice by Treasury unless previously purchased and cancelled by operation of Sinking Fund.
4% Victory Bonds	June, 1919	†	85	0	4	Redeemable by a cumulative Sinking Fund, operating by means of annual drawings, commencing 1 Sept., 1920.
3% Exchequer Bonds,1920.	March, 1915	50,000,000	100	0	3	24 March, 1920 (Paid off).
3% Exchequer Bonds,1930.	Jany., 1918	15,640,000	82	0	3	28 January, 1930.
5% Exchequer Bonds, 1919.	May, 1916 …	†	100	0	5	5 October, 1919 (Paid off).
5% Exchequer Bonds, 1920.	Dec, 1915 …	†	100	0	5	1 December, 1920.
5% Exchequer Bonds, 1921.	May, 1916	†	100	0	5	5 October, 1921.
5% Exchequer Bonds, 1920.	Sept., 1916	†	100	0	6	16 February, 1920 (Paid off).
5% Exchequer Bonds, 1922.	April, 1917	†	100	0	5	1 April, 1922, but holder may require repayment on 1 October, 1919, on three months' notice.
5¾% Exchequer Bonds, 1925.	Jany., 1920	†	100	0	5¾	1 February, 1925, but holder1925.may give notice in January of either of the years, 1921–22 or 23, requiring repayment on the 1 February in the year next succeeding that in which such notice is given.
National War Bonds, 1st Series.	1 Oct., 1917, to 31 Mar., 1918.	†	100	0	5	1 October, 1922.
100	0	5	1 October, 1924.
100	0	5	1 October, 1927.
100	0	4^*	1 October, 1927.
National War Bonds, 2nd Series.	1 April, 1918, to 30 Sept., 1918.	†	100	0	5	1 April, 1923.
100	0	5	1 April, 1925.
100	0	5	1 April, 1928.
100	10
	From 23 April, 1918.		101	0	4^*	1 April, 1928.

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rate of interest; and the date of redemption?

§ Mr. BALDWIN

The particulars are as follow. Loans raised outside the United Kingdom are not included:

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Description of Loan.	Date of Issue.	Amount.	Issue Price.	Rate of Interest.	Date of Redemption.
		£	£	s.	Per cent.
National War Bonds, 3rd Series	1 Oct., 1918, to 18th April, 1919.	†	100	0	5	1 September, 1923.
100	0	5	1 September, 1925.
100	0	5	1 September, 1928.
101	10	4^*	1 September, 1928.
National War Bonds, 4th Series	1 Feb., 1919,to 31 May, 1919.	†	100	0	5	1 February, 1924.
100	0	5	1 February, 1929.
101	10	4^*	1 February, 1929.
^* "Income Tax Compounded."
† No limit to the amount to be issued was set in the prospectus. The amount outstanding on 31st March, 1919. is shown in the Finance Accounts for 1918–19. The amount outstanding on 31st March, 1920, will be shown in a White Paper about to be presented.