Oral Answers to Questions — War Loans.

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

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Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

I am fully aware of the conversion scheme to which the hon. Member refers. The advantages of conversion are obvious; but its practicability at any particular moment depends not on Acts of Parliament but on market conditions and on the terms of the contracts made with subscribers to outstanding Government loans.