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MANAGEMENT AND EXPENSES-continued.

MANAGEMENT OF THE DEBT-continued.

REGISTERED STOCKS, &c.-continued.

Charge for management on the above for the year to 31st March, 1927:
Bank of England (55 & 56 Vict. c. 48, and War Loan
Acts, 1914-19):

On 750,000,000., at the rate of 3251. per million
On 3,383,810,8591. 108. 2d. at the rate of 150l. per
million

£ S. d. 213,750

507,571 12 7

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21,950 19 11

68,032 11 1

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War Loan Acts, 1914 to 1919 and the Finance Acts, 1920 and 1921
Banks of England and Ireland:

Expenses of issue of Treasury Bonds for Cash and by Conversions
Expenses of Redemption of Treasury, and Victory Bonds
Expenses of issue of 4 per cent. Consolidated Loan for cash and by
Conversions

Expenses of other Conversion operations

Cost of printing Stock Certificates and Bonds

Post Office and Trustee Savings Banks:

Expenses of issue of National Savings Certificates and of various

Conversion operations ..

Cost of Advertising Government Securities

Other Debt (expenses in U.S.A.)

American Loan Act. 1915

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TOTAL EXPENSES

TOTAL MANAGEMENT and EXPENFES

879,208 5 1

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MANAGEMENT AND EXPENSES-continued.

MANAGEMENT OF THE DEBT-continued.

REGISTERED STOCKS, &c.-continued.

Charge for management on the above for the year to 31st March, 1927:
Bank of England (55 & 56 Vict. c. 48, and War Loan

Acts, 1914-19):

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68,032 11 1

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War Loan Acts, 1914 to 1919 and the Finance Acts, 1920 and 1921
Banks of England and Ireland:

Expenses of issue of Treasury Bonds for Cash and by Conversions
Expenses of Redemption of Treasury, and Victory Bonds
Expenses of issue of 4 per cent. Consolidated Loan for cash and by
Conversions

Expenses of other Conversion operations

Cost of printing Stock Certificates and Bonds

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Instalment of Principal due 15th December 1927 under the Debt Funding
Agreement of 18th June 1923 (see page 74)

DEPRECIATION FUND:

Issue under Section 32 of the Finance Act, 1917 (see page 77) ..

ISSUE to National Debt Commissioners under the War Loan Act, 1919 [9 & 10 Geo. V. c. 37, s. 3 (3)] to meet deficiency in amount available for Funding Loan and Victory Bonds surrendered for death duties (see page 77) ..

ISSUE in respect of other Securities surrendered for death duties under the
Finance Act, 1917 (7 & 8 Geo. V. c. 31, s. 34)

BALANCE of New Sinking Fund (1923) for the year 1927-28, issued to the
National Debt Commissioners (see page 77)

TOTAL NEW SINKING FUND (1923) .

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