§ Mr. Neubertasked the Chancellor of the Exchequer what would be the estimated cost in the current year and in subsequent years of repaying 3½ per cent. war stock at par to those holders who fulfil both the following conditions, (a) have held the stock since before 1945 and (b) are over pensionable age on or before 5th April; and what would be the estimated extra cost of including all undated Government stock.
§ Mr. Robert SheldonThis information is not available. As there is no prospect of setting a date for the redemption of War Loan I regret that the expenditure required to produce the information could not be justified.
£ million (not seasonally adjusted) Financed by Borrowing from banks Sales of debt Quarter Public sector borrowing requirement In sterling In foreign currencies To private sector (other than banks) To overseas residents 1974— II … 1,833 -426 216 1,869 174 III … 1,631 164 100 1,022 345 IV … 2,959 1,241 485 439 794 Note: Figures for the sales of debt to the private sector, other than banks, include the take-up of notes and coin.