§ Sir Brandon Rhys Williamsasked the Chancellor of the Exchequer if he will introduce legislation to permit the 675W interest and redemption cost of loan stocks offered on fixed terms, other than the inclusion of an index related to the performance of the company, to rank for tax purposes as the equivalent of debentures.
§ Mr. Ian StewartI regret that it has not been possible to provide an answer before the summer recess. I shall write to my hon. Friend and place a copy of the letter in the Library.