Transport Stock (Redemption Date)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 20th January 1948.

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Photo of Sir Edward Keeling Sir Edward Keeling , Twickenham 12:00 am, 20th January 1948

asked the Chancellor of the Exchequer for what reason he fixed the redemption date of the Transport Stock as 1978–88.

Photo of Mr Christopher Hollis Mr Christopher Hollis , Devizes

asked the Chancellor of the Exchequer on what principle the redemption date for British Transport Stock was fixed at 1978–88.

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

This and the other terms of the Stock were settled in accordance with Section 89 (2) of the Transport Act.

Photo of Sir Edward Keeling Sir Edward Keeling , Twickenham

Is the Chancellor not aware of the widely-held and responsible opinion that a shorter life for this new Stock would have been fairer to the million-or-so railway shareholders and more in accordance with the terms of the Act?