HC Deb 08 December 1927 vol 211 c1575
71. Mr. B. SMITH

asked the Financial Secretary to the Treasury what local authorities have resolved in favour of powers to be given by Parliament for the establishment of municipal banks within their areas?

Mr. SAMUEL

I obviously cannot say what local authorities have passed resolutions on the subject. The only direct representation received, additional to those named in my predecessor's reply to a similar question on the 19th November, 1925, has been from the Walthamstow Urban District Council; but five authorities have included proposals in Parliamentary Bills or given notice of their intention to do so.

Mr. A. V. ALEXANDER

Is there not a Treasury Committee inquiring into the matter, and, if so, when can we have that Committee's Report?

Mr. SAMUEL

Yes, the Committee's deliberations are now drawing to a final stage.