HC Deb 31 January 1967 vol 740 c40W
43. Sir G. Nabarro

asked the Chancellor of the Exchequer what is the total of steel compensation stock to be issued; what coupon or interest rate will be attached; what is the proposed date of issue; and whether he will now make a statement.

Mr. Diamond

The total value of securities is estimated to be between £550 and £600 million. The terms of the compensation stock will be decided nearer to vesting day, which under the Bill now before the House must be not more than thirty-six weeks from the passing of the Act.