§ Mr. Loganasked the Chancellor of the Exchequer (1) if he will state the total amount received as a result of the appeal by the Government of the time for investment in War Loan when it was first issued at the lower rate of interest:
(2) if he will state the total amount invested in 3½ per cent. War Stock from inception to date, and the total depreciation loss to date.
§ Mr. BarberNo new money was received by the Government from the 1932 conversion operation, and no further amounts of War Loan have been issued since then. In 1932, holders of £1,921 million of 5 per cent. War Loan accepted conversion into 3½ per cent. War Loan as an alternative to redemption. The present market value at yesterday's middle closing prices of the £1,909 million still outstanding was £1,017.