HC Deb 12 April 1934 vol 288 c477
40. Mr. CRAVEN-ELLIS

asked the Chancellor of the Exchequer whether, in view of the liability of the Post Office to the public in respect of deposits amounting to £331,000,000, he will say if there are sufficient paper notes in existence to enable them to repay without interfering with the requirements of industry; and, if not, what arrangements the Government has made for enabling the printing of sufficient notes for this purpose?

Mr. HORE-BELISHA

My hon. Friend may be assured that the Post Office Savings Bank is fully able to meet all its commitments without interference with the requirements of industry.

Mr. CRAVEN-ELLIS

From what source could this be done?

Mr. D. GRENFELL

Has there been any time in the history of this country when the Post Office could not meet its commitments?

Mr. HORE-BELISHA

There is certainly no risk, at any rate, as long as the present Government remain in office.