63. Mr. CATHCART WASONasked the Chancellor of the Exchequer if he is aware that in the Dominions banks have to surrender to Government all deposits, securities, and articles of value unclaimed for a specified number of years; and whether, in view of the financial situation, he will consider the desirability of adopting a similar policy here, always safeguarding banks against loss?
§ Mr. McKENNAI am aware that in some of the Dominions unclaimed balances may in certain circumstances be claimed by the State. With regard to the second part of the question, I would refer my hon. Friend to the answer I gave to the hon. Member for Caithness on the 21st March last, of which I am sending him a copy.