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Securities (Government Holdings)

Volume 440: debated on Thursday 17 July 1947

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asked the Chancellor of the Exchequer what loss has been suffered in respect of Treasury 2½2 per cent. Stock purchased by the Government during the last two years, in view of the fall in price of such stock on the market.

Changes in market price cause neither profit nor loss unless the securities are realised. I am not prepared to add to the information regularly published regarding securities held by Government Departments.