Oral Answers to Questions — Treasury Bonds (Interest).

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

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Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

The securities to which the hon. Member refers are comparable to British Treasury Bills, the discount on which already varies with market conditions. The decree, of course, only refers to the rate of interest for bonds issued in future, and not to existing securities not yet matured for payment.