HC Deb 21 December 1964 vol 704 c193W
Mr. Stratton Mills

asked the Chancellor of the Exchequer what was the original par value of War Loan at date of issue; and what is the current purchasing power of this sum compared with its purchasing power at date of issue.

Mr. MacDermot

The par value of War Loan at the time of issue in February, 1917, was £100. The current purchasing power of this sum is estimated at approximately £33 at 1917 prices. The stock was actually issued at £95.

Mr. Stratton Mills

asked the Chancellor of the Exchequer what is the market value of War Loan to the nearest convenient date and the current purchasing power of the sum compared with its purchasing power at date of issue.

Mr. MacDermot

The market value of War Loan on 16th 'December, 1964, was 54½. The current purchasing power of this sum is estimated at approximately 18 at 1917 prices.