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.

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.

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

I have taken the specific case of Savings Bonds.