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Post Office Purchases Of Consols

Volume 180: debated on Wednesday 14 August 1907

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I beg to ask Mr. Chancellor of the Exchequer whether he will state in detail what amount of Consols, then bearing interest at 2¾ per cent., were purchased on account of the Post Office Savings Bank in the year 1897, and at what prices.

The total nominal amount of Consols purchased on account of the Post Office Savings Bank Fund in 1897 was, as shown by the Return, House of Commons 108 of 1905, £6, 349, 485 11s. 9d. and the average price paid was £112 6s. I do not think that any purpose of public interest would be served by setting out in detail each separate transaction.

Can the right hon. Gentleman give me the highest price paid in 1897 for Consols?