The effect of that is significant in relation to the gilt-edged market.
The plain fact is that gilt-edged prices did go up, and the steel operation was thereby greatly assisted.
I shall further aim at giving something very near gilt-edged rate, only a little above it, to sound development schemes conducted within the private sector.
Therefore, he is forced either into investing in gilt-edged securities or in dog racing.
The reverse side of that picture, of course, is the raising of the capital value of gilt-edged securities.
We now have the spectacle of 29 recognised primary dealers dealing in the gilt-edged market in place of two.
There it would not be easy for them—especially, for example, in the case of gilt-edged holdings—not to disclose exactly what the market price was.
If people bought gilt-edged stock when many of these houses were built they would not find much difference in the yield from stocks or houses.
