§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer how many years it would take before the existing national debt could be fully paid off from the present value of the national fund on the assumption of a compound tax free rate of 8 per cent. per annum. [16803]
§ Mr. Nelson[holding answer 28 March 1995]: Based on the most recent figures for the value of the fund and of the national debt and assuming a compound tax-free interest rate of 8 per cent. it would take approximately 100 years before the existing national debt could be fully paid off under the terms of the trust.