Mr. Lloyd George stated that the issue of ths war loan would take the form of an inscribed stock or bearer bonds. The yield of the Joan to an investor, allowing for redemption, would be exactly four ver cent. per annum. The Bank of England had patriotically undertaken to give most important facility ies in connexion with the new loan.
The Bank, for the next three years, would b> prepared to make advances against deposit of the war stock taken at issue price, without collateral security, and at one per cent. below the market rate of interest. He appealed for support for the loan, which was a loan to help this country to fight this battle for her existence. Victory meant value and defeat meant depreciation. It was an excellent invest ment because the credit of Great Britain was still the best in the world, The Chancellor was loudly cheered on resuming his seat.
All the necessary resolutions were passed, M'fbe war loan prospectus was i sued to-night,
Text read from the printed page and cleaned; old type leaves the occasional error.