§ 52. Mr. TOUCHE
asked at what price the issue of Local Loans Stock, producing £1,305,937 10s. in the year ended 31st March, 1913, was made; and whether it went to the public or how otherwise it was dealt with?
§ Mr. MONTAGU
The sum referred to was raised by the issue of £1,500,000 Local Loans Stock on 13th January, 1913, at the average price of that day, namely, 87 1–16. The whole of the stock was taken up by the National Debt Commissioners.