§ Mr. Parkerasked the Chancellor of the Exchequer whether he will consider the advisability of gradually eliminating Government indebtedness only redeemable at Government option and the interest on which is paid quarterly by a Local Loans Conversion Loan, with a fixed date of redemption at 2½ per cent., by arranging for the loan to be surrendered at par for Death Duties and for any sums so surrendered to be reissuable by the Treasury for the duration of the war?
§ Sir K. WoodNo, Sir. I do not think such a proposal would be advantageous.