HC Deb 22 April 1842 vol 62 c1040

The House in a committee of Ways and Means.

Sir G. Clerk

moved, that a sum of 9,100,000l. should be raised by Exchequer-bills for the service of the year.

Mr. Blewitt

begged to ask, whether there was an intention of making any alteration in the provisions of the law relating to Savings-banks, which enabled the Government of the day to do what was called tampering with the funds placed in those banks, by issuing Exchequer-bills in exchange for the money of the depositors?

The Chancellor of the Exchequer

said, he had no intention of proposing any alteration of the law as to the mode in which the commissioners of the national debt had the power of investing the money paid into the Savings-banks by the contributors. He had already stated, that the course which was pursued had no tendency to impair the interests of those who placed their money in the Savings-banks.

Vote agreed to.

House resumed.

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