§ Mr. BOTTOMLEYasked the Secretary to the Treasury whether he is aware that the National Debt Commissioners for the Unemployment Fund hold £495,000 of 2½ per cent. Consols for which they paid the sum of £376,653; and, having regard to the fact that the present market price of the stock is approximately 46¾, what steps it is proposed to make up the loss to the Fund?
§ Mr. BALDWINThe holding of Consols for the Unemployment Fund is less than 3 per cent. of the total investments of the Fund, and it is not necessary to take any special action to deal with this small temporary paper loss, which may never in fact be realised.