4½ per Cent. Conversion Loan.

Part of Oral Answers to Questions — National Finance. – in the House of Commons at on 30 January 1940.

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Photo of Mr John Simon Mr John Simon , Spen Valley

If the right hon. Gentleman has in mind holdings of 4½ per cent. Conversion Loan by financial houses I doubt whether the rate for day-to-day money would be the most important factor in their decision whether to convert or not. On the general question, I do not feel able to change the view of the matter which I expressed when answering a similar Question put by the right hon. Gentleman on the 12th December.