Oral Answers to Questions — Death Duties (Payment in Government Securities).

– in the House of Commons on 14th March 1922.

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Photo of Mr Fredric Wise Mr Fredric Wise , Ilford

56.

asked the Chancellor of the Exchequer what is the amount of Victory Bonds or other Government stocks held until drawn or paid off by the National Debt Commissioners in respect of payments for death duties; and how much has been drawn or paid off?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

The nominal amount of securities tendered for Death Duties and transferred to the National Debt Commissioners is £19,730,975 4 per cent. Victory Bonds, and £1,510,357 4 per cent. Funding Loan, of which £109,795 Victory Bonds have been drawn. The balance is held by the Commissioners in accordance with the terms of the prospectus.