18. Mr. Robin F.Cook asked the Chancellor of the Exchequer if he will make a statement on Government policy towards those who have suffered financial loss through investment in War Loan.
§ Mr. DellWe have looked again at this difficult problem, but it is obviously impracticable to redeem almost £3,000 million of outstanding War Loan and other undated stocks at the present time. Although we have considered sympathetically the redemption of War Loan confined to elderly long-term holders, we have reluctantly concluded that this would not be equitable as between past and present holders of the undated stocks.