HC Deb 01 December 1964 vol 703 cc43-4W
59. Mr. Pounder

asked the Chancellor of the Exchequer what plans he has for converting 3½ per cent. War Loan into a dated redeemable stock.

Mr. MacDertnot

None.

60. Mr. Pounder

asked the Chancellor of the Exchequer if he is aware of the financial hardship caused to current holders of 3½ per cent. War Loan who purchased this security many years ago in response to an appeal so to do in the rational interest; and what plans he has for the alleviation of this hardship.

Mr. MacDermot

The Government will review this difficult matter with care. It would be wrong, however, to hold out definite hopes of any action.