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 Frederick Pethick-Lawrence Mr Frederick Pethick-Lawrence , Edinburgh East

Is the right hon. Gentleman not aware that there is a considerable body of City opinion in favour of a change downward in the day-to-day rate, and that delay in bringing about a change may affect the conversion by an amount as high as £50,000,000; and in view of these facts does he not think it time to take some steps in this matter?