Treasury Deposit Receipts

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 13 March 1945.

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Photo of Mr Richard Stokes Mr Richard Stokes , Ipswich 12:00, 13 March 1945

asked the Chancellor of the Exchequer what was the value of the Treasury deposit receipts included in the £4,347,000,000 from non-official sources borrowed by the Government from the outbreak of war to 3rst December, 1944; and how many of these Treasury deposit receipts have been converted into long dated loans.

Photo of Sir John Anderson Sir John Anderson , Combined Scottish Universities

The amount of Treasury deposit receipts outstanding on 31st December, 1944, and included in the figure of floating debt referred to by my hon. Friend, was £1,794,500,000. The amount of subscriptions to Savings Bonds covered by repayments of Treasury deposit receipts before maturity since the scheme began on 30th June, 1940, to 31st December, 1944, was £357,750,000.

Photo of Mr Richard Stokes Mr Richard Stokes , Ipswich

Can the Chancellor tell the House at what rate of interest those were transferred into long-dated loans?