§ 75. Mr. SUGDENasked the Chancellor of the Exchequer what progress has been made in his efforts to cheapen the cost of national, municipal, and housing loans; and if conferences have yet been called into operation or recommended on the matter, such conferences to be constituted in personnel of commercial men, bankers, civic treasurers, and Treasury representatives?
Mr. CHAMBERLAINArrangements are made by the Committee, of which Sir Harry Goschen is Chairman, to minimise the danger of undue competition among local authorities for loans.
§ Mr. SUGDENHas any recommendation been received to reduce the bank rate?