§ Mr. STEPHENasked the Chancellor of the Exchequer what steps he proposes to take to ensure that holders' investments In the National Debt shall bear a share of the hardships involved in the policies for economies in the various Departments at the present time?
§ Mr. McNEILLThe Government proposes, by the maintenance of sound finance, including economies in public expenditure, to render possible the continuance of the policy of redemption and conversion of debt, the result of which will be to reduce the interest payable to the holders of the loans so treated.