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<p>The War Bonds referenced in HL2303 were largely held by British citizens, and originally
sold by the government as a way to support the war effort. One of these, the 3½ War
Loan, was the most widely held gilt, with more than 120,000 holders at the time of
redemption, of which 97,000 held less than £1,000 nominal. The Treasury does not hold
detailed information on the identity of underlying individuals or organisations who
own gilts. In any case, information relating to who may have received payment in respect
of the redemption of these gilts is not reflective of who may have originally contributed
to the war effort as the bonds have been freely traded in the intervening period.
However, I can confirm that £2.3 million was repaid to registered holders with an
address in the United States (0.09% of the total amount outstanding at the time of
redemption).</p>
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