HC Deb 27 July 1961 vol 645 c75W
Mr. Logan

asked 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. Barber

No 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.