§ Colonel DAYasked the Chancellor of the Exchequer whether, in view of the appreciation in the value of the pound sterling, it is proposed to take any action to reduce the value of British War Loan and other Government stock to the actual value of money at the time subscriptions were received?
§ Mr. CHURCHILLAs I have said before, His Majesty's Government has no intention of repudiating the contractual obligations of the State to its bondholders.