HC Deb 18 July 1922 vol 156 cc1884-5
54. Colonel NEWMAN

asked the Chancellor of the Exchequer whether, having regard to the low bank rate and to the sums of money now seeking employment, he will consider the possibility of making an arrangement, in conjunction with the Government of this country and of the Provisional Government, with leading British and Irish banks whereby amounts up to one-half of the sums awarded as compensation in respect of malicious injury to property by the Irish County Courts could be advanced to those who hold the decrees, at a rate of interest not exceeding 2 per cent. above bank rate?

Sir J. BAIRD

The answer is in the negative.

Colonel NEWMAN

Will the hon. and gallant Gentleman say when the Chancellor of the Exchequer will be in his place, so that I can repeat the question?

Sir J. BAIRD

I will communicate with my right hon. Friend.