HC Deb 08 July 1919 vol 117 c1602
57. Major NEWMAN

asked whether, in view of the assistance in the successful floating of the Victory and War Loans given by the management and staffs of banking establishments throughout the country and the extra time and work which such assistance has entailed, he proposes to recognise the same in some special way on the conclusion of the flotation of the present Loan?

Mr. CHAMBERLAIN

The remuneration to the banks for their services in connection with the Loan is fully provided for, and I must leave it to the banks themselves to make such arrangements as they think proper for their staffs.

Major NEWMAN

How is the remuneration provided for? Is it financial?

Mr. CHAMBERLAIN

The actual remuneration is provided for in the terms of the Loan, and the banks also have the use of the money for a certain period.

Mr. BOTTOMLEY

Do not the banks receive a commission on all applications that go through them?

Mr. CHAMBERLAIN

Yes.