HC Deb 26 June 1967 vol 749 cc33-4W
Mr. Pounder

asked the Chancellor of the Exchequer, taking the value of 3½ per cent. War Stock on 1st July 1946 as 103 3/16, what would be its comparable value in present day terms as at 1st June 1967, taking into account the fall in the value of the £ sterling in the intervening 21 years.

Mr. MacDermot

On 1st June 1967 the price of 31 per cent. War Loan was 52⅞. Taking account of changes in the purchasing power of the £ sterling in the intervening years, the price on 1st June 1967 would be equivalent to about 25 in 1946.