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Written Answers

Volume 86: debated on Wednesday 11 October 1916

FOOD SUPPLIES (OFFICIAL RATIONS).

asked the Prime Minister whether, in view of the current high prices of foodstuffs and the impossibility of the Government control of such prices when so small a proportion of the nation's food is produced in the United Kingdom, he will consider the desirability during the coming winter of rationing the whole population, thus rendering available for the very poor all superfluous food the consumption of which is not in all cases as at present utilised essential to physical efficiency and vigour, and at the same time promoting by similarity of treatment and experience greater mutual sympathy and confidence as between different sections of society and a resulting increase of national solidarity?

We are not, I think, in sight of any such general shortage of supplies as would render necessary the measures suggested by the hon. Gentleman. I hope and believe that the voluntary avoidance of superfluous consumption, which has now become the urgent duty of all patriotic citizens, will make it possible to escape the grave difficulties and disadvantages, and the immense administrative labour and expenditure involved, in any system of official rationing of food supplies.

EXCHEQUER BONDS.

asked the Chancellor of the Exchequer the reasons for raising the rate of interest on Exchequer Bonds from 5 per cent. to 6 per cent.?

The reason for raising the rate of interest on Three Year Exchequer Bonds was to encourage subscriptions to these bonds in preference to Treasury Bills, the rates of discount upon which were concurrently reduced to 5½ per cent.