HC Deb 09 March 1922 vol 151 cc1477-8
56. Mr. N. MACLEAN

asked the Chancellor of the Exchequer whether he is aware that an Act to reduce the rate of interest from 4 per cent. to 3½ per cent.

4,000 branches would be called on to pay £2,000 at the 10s. rate?


Yes, Sir, undoubtedly. In dealing with this matter such considerations will be very carefully taken into account.