NOT FAVOURED
RUSSIAN METHOD OF RAISING LOANS
London, May 29
The Chancellor of the Exchequer, Dr. Hugh Dalton, told the House of Commons that he had considered the Russian method cf raising loans, hut did not propose to issue similar loans in Britain. Sir Waveil Wakefield! (Conservative —St. Marylehone) had asked whether Dr. Dalton was aware of the Russian method, under which, instead of interest-hearing bonds being issued, the bondholders were awarded prizes by ballot. Those who were successful in the ballot could) redeem their bonds ait par.
Dr. Dalton said: “There are many people with sincerely-held reasons— I do not express an opinion on them, but they are sincerely held—who would object.”
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https://paperspast.natlib.govt.nz/newspapers/BOPT19460531.2.53
Bibliographic details
Bay of Plenty Times, Volume LXXIV, Issue 14074, 31 May 1946, Page 3
Word Count
113NOT FAVOURED Bay of Plenty Times, Volume LXXIV, Issue 14074, 31 May 1946, Page 3
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