§ Mr. LEES-SMITHI beg to move, in page 6, line 4, to leave out the words, "with the concurrence of the Bank."
I am moving this Amendment in order to extract some information from the Government, and I want to put some questions on matters which ought to be cleared up at this stage. This is a Clause which allows the Bank of England and the Government in conjunction, to modify the Bank return which is issued every Thursday, and has been issued for some generations. I wish to ask the Government what use they intend to make of this Clause? Do they intend to use it merely in order to carry out the automatic changes in the Bank Return, which the passage of this Bill will necessitate; or do they intend to take this oppor- 1385 tunity of introducing some forms into the Bank Return in order to provide that it shall give information which has been asked for for a good many years? I have no doubt that the Financial Secretary has been asked for these forms, so that there shall be more information, for instance, with regard to the deposits, that it shall be broken up into a larger number of items, and that we should follow the model of the Federal Reserve Banks. There is one point to which I wish to call his attention. The Cunliffe Committee dealt with the subject, and in one of the paragraphs of their Report they recommended that there should be a change in the returns issued by the banks of this country, so that more information should be given to the public, and in fact, it included at the end of its Report a model table, laying down the information which the banks ought to give. That part of the Cunliffe Committee's Report has not been carried out. The banks do not give this informa-
Division No. 135.] | AYES. | [12.7 a.m. |
Acland-Troyte, Lieut.-Colonel | Elliot, Major Walter E. | Macmillan, Captain H. |
Albery, Irving James | Fanshawe, Captain G. D. | Macnaghten, Hon. Sir Malcolm |
Alexander, E. E. (Leyton) | Foster, Sir Harry S. | MacRobert, Alexander M. |
Applln, Colonel R. V. K. | Foxcroft, Captain C. T. | Maitland, A. (Kent, Faversham) |
Ashley, Lt.-Col. Rt. Hon. Wilfrid W. | Fraser, Captain Ian | Margesson, Captain D. |
Balniel, Lord | Fremantle, Lieut.-Colonel Francis E. | Marriott, Sir J. A. R. |
Barclay-Harvey, C. M. | Gadie, Lieut.-Colonel Anthony | Mason, Colonel Glyn K. |
Barnett, Major Sir Richard | Ganzonl, Sir John | Meller, R. J. |
Beamish, Rear-Admiral T. P. H. | Garro-Jones. Captain G. M. | Merriman, Sir F. Boyd |
Bethel, A. | Gates, Percy | Milne, J. S. Wardlaw- |
Betterton, Henry 8. | Gilmour, Lt.-Col. Rt. Hon. Sir John | Monsell, Eyres, Com. Rt. Hon. B. M. |
Birchall, Major J. Dearman | Gower, Sir Robert | Moore-Brabazon, Lieut.-Col. J. T. C. |
Bowyer, Captain G. E. W. | Graham, Fergus (Cumberland, N.) | Nelson, Sir Frank |
Brass, Captain W. | Grant, Sir J. A. | Newman, Sir R. H. S. D. L. (Exeter) |
Bridgeman, Rt. Hon. William Clive | Greene, W. P. Crawford | O'Connor, T. J. (Bedford, Luton) |
Brocklebank, C. E. R. | Hacking, Douglas H. | Oakley, T. |
Brooke, Brigadier-General C. R. I. | Hall, Lieut.-Col. Sir F. (Dulwich) | Penny, Frederick George |
Broun-Lindsay. Major H. | Hammersley, S. S | Perkins, Colonel E. K. |
Brown, Ernest (Leith) | Hannon, Patrick Joseph Henry | Peto, Sir Basil E. (Devon, Barnstaple) |
Bullock, Captain M. | Harland, A. | Peto, G. (Somerset, Frome) |
Burman, J. B. | Harrison, G. J. C. | Pitcher, G. |
Butt, Sir Alfred | Hartington, Marquess of | Power, Sir John Cecil |
Carver, Major W. H. | Harvey, G. (Lambeth, Kennington) | Preston, William |
Cayzer, Maj, Sir Herbt. R. (Prtsmth, s.) | Haslam, Henry C. | Price, Major C. W. M. |
Cecil, Rt. Hon. Sir Evelyn (Aston) | Headlam, Lieut.-Colonel C. M. | Raine, Sir Walter |
Chamberlain, Rt. Hon. N. (Ladywood) | Henderson, Capt. R. R. (Oxf'd, Henley) | Ramsden, E. |
Christie, J. A. | Hennessy, Major Sir G. R. J. | Reid, D. D. (County Down) |
Cochrane, Commander Hon. A D. | Hills, Major John Waller | Richardson, Sir P. W. (Sur'y. Ch'ts'y) |
Colfox, Major Wm. Phillips | Hilton, Cecil | Roberts, Sir Samuel (Hereford) |
Cooper, A. Duff | Hope, Capt. A. O. J. (Warw'k, Nun.) | Rodd, Rt. Hon. Sir James Rennell |
Cope, Major William | Hopkins, J. W. W. | Ruggles-Brise, Lieut.-Colonel E. A. |
Couper, J. B. | Hudson, Capt. A. U. M. (Hackney, N.) | Runciman, Rt. Hon. Walter |
Courtauld, Major J. S. | Hutchison, Sir Robert (Montrose) | Russell, Alexander West (Tynemouth) |
Cowan, D. M. (Scottish Universities) | Inskip, Sir Thomas Walker H. | Salmon, Major I. |
Craig, Sir Ernest (Chester, Crewe) | Kennedy, A. R. (Preston) | Samuel, A. M. (Surrey, Farnham) |
Crookshank, Col. C. de W. (Berwick) | Kindersley, Major Guy M. | Samuel, Samuel (W'dsworth, Putney) |
Crookshank, Cpt. H. (Lindaey, Galnsbro) | King, Commodore Henry Douglas | Sandeman, N. Stewart |
Curzon, Captain Viscount | Knox, Sir Alfred | Sanders, Sir Robert A. |
Dalkeith, Earl of | Lamb, J. Q. | Sandon, Lord |
Davidson, Major-General Sir J. H. | Lougher, Lewis | Sassoon, Sir Philip Albert Gustave D. |
Davies, Maj. Geo. F. (Somerset, Yeovll) | Lucas-Tooth, Sir Hugh Vere | Savery, S. S. |
Dean, Arthur Wellesley | Luce, Maj.-Gen. Sir Richard Harman | Sheffield, Sir Berkeley |
Dixey, A. C. | MacAndrew, Major Charles Glen | Shepperson, E. W. |
Drewe, C. | Macdonald, Sir Murdoch (Inverness) | Skelton, A. N. |
Edmondson, Major A. J. | Macintyre, Ian | Smith, R. W. (Aberd'n & Kinc'dine, C.) |
Edwards, J. Hugh (Accrington) | McLean, Major A. | Smith-Carington, Neville W. |
§ tion and they are not likely to give it unless the Bank of England leads the way. In fact, unless the Bank of England gives more information, there will be no use in the other banks carrying out the suggestions of the Cunliffe Committee. I therefore wish to ask the Government, before the Committee passes this Clause, to tell us exactly what use they intend to make of the power which they seek.
Mr. SAMUELThere will be nothing other than minor consequential amendments in the form of the Bank return, such as the excision of the reference to silver bullion and the provision of an entry for silver coin.
§ Mr. LEES-SMITHThat answer, I may say, is entirely unsatisfactory.
§ Question put, "That the words proposed to be left out stand part of the Clause."
§ The Committee divided: Ayes, 168; Noes, 72.
Somerville, A. A. (Windsor) | Vaughan-Morgan, Col. K. P. | Windsor-Clive, Lieut.-Colonel George |
Stanley, Lord (Fylde) | Wallace, Captain D. E. | Womersley, W. J. |
Stanley, Lieut.-Colonel Rt. Hon. G. F. | Ward, Lt.-Col. A.L. (Kingston-on-Hull) | Wood, B. C. (Somerset, Bridgwater) |
Stanley, Hon. O. F. G. (Westm'eland) | Warner, Brigadier-General W. W. | Wood, E. (Chest'r, Stalyb'dge & Hyde) |
Steel, Major Samuel Strang | Waterhouse, Captain Charles | Wood, Rt. Hon. Sir Kingsley |
Storry-Deans, R. | Watson, Rt. Hon. W. (Carlisle) | Worthington-Evans, Rt. Hon. Sir L. |
Sugden, Sir Wilfrid | Wells, S. R. | Yerburgh, Major Robert D. T. |
Thompson, Luke (Sunderland) | White, Lieut.-Col. Sir G. Dairymple- | |
Thomson, Rt. Hon. Sir W. Mitchell- | Williams, A. M. (Cornwall, Northern) | TELLERS FOR THE AYES.— |
Titchfield, Major the Marquess of | Williams, Com. C. (Devon, Torquay) | Mr. Frederick Thomson and Sir Victor Warrender. |
Tomlinson, R. P. | Williams, Herbert G. (Reading) | |
Tryon, Rt. Hon. George Clement |
NOES. | ||
Adamson, Rt. Hon. W. (Fife, West) | Hirst, W. (Bradford, South) | Saklatvala, Shapurji |
Adamson, W. M. (Staff., Cannock) | Hollins, A. | Shaw, Rt. Hon. Thomas (Preston) |
Alexander, A. V. (Sheffield, Hillsbro') | Hudson, J. H. (Huddersfield) | Sitch, Charles H. |
Barnes, A. | Jenkins, W. (Glamorgan, Neath) | Slesser, Sir Henry H. |
Batey, Joseph | John, William (Rhondda, West) | Smith, Ben (Bermondsey, Rotherhithe) |
Brown, James (Ayr and Bute) | Johnston, Thomas (Dundee) | Smith, H. B. Lees (Keighley) |
Buchanan, G. | Jones, J. J. (West Ham, Silvertown) | Snowden, Rt. Hon. Philip |
Charleton, H. C. | Jones, Morgan (Caerphilly) | Stephen, Campbell |
Dalton, Hugh | Jones, T. I. Mardy (Pontypridd) | Sullivan, J. |
Day, Harry | Kelly, W. T. | Sutton, J. E. |
Duncan, C. | Kennedy, T. | Thurtle, Ernest |
Glbbins, Joseph | Kirkwood, D | Tinker, John Joseph |
Gillett, George M. | Lawson, John James | Varley, Frank B. |
Graham, D. M. (Lanark, Hamilton) | Lindley, F. W. | Watson, w. M. (Dunfermline) |
Greenall, T. | Lunn, William | Watts-Morgan, Lt.-Col. D. (Rhondda) |
Greenwood, A. (Nelson and Colne) | Mackinder, W. | Wellock, Wilfred |
Grenfell, D. R. (Glamorgan) | Malone, C. L'Estrange (N'thampton) | Welsh, J. C. |
Groves, T. | Maxton, James | Whiteley, W. |
Grundy, T. W. | Murnin, H. | Wilkinson, Ellen C. |
Hall, F. (York, W. R., Normanton) | Oliver, George Harold | Williams, T. (York, Don Valley) |
Hall, G. H. (Merthyr Tydvil) | Paling, W. | Windsor, Walter |
Hayday, Arthur | Parkinson, John Allen (Wigan) | Young, Robert (Lancaster, Newton) |
Henderson, Rt. Hon. A. (Burnley) | Pethick-Lawrence, F. W. | |
Henderson, T. (Glasgow) | Potts, John S. | TELLERS FOR THE NOES.— |
Hirst, G. H. | Purcell, A. A. | Mr. Charles Edwards and Mr. Hayes. |
§ Question put, "That the Clause stand part of the Bill."
Division No. 136.] | AYES. | [12.15 a.m. |
Acland-Troyte, Lieut.-Colonel | Dalkeith, Earl of | Hopkins, J. W. W. |
Albery, Irving James | Davidson, Major-General Sir J. H. | Hudson, Capt. A. U. M. (Hackney, N). |
Alexander, E. E. (Leyton) | Davies, Maj. Geo. F. (Somerset, Yeovil) | Hutchison, Sir Robert (Montrose) |
Applin, Colonel R. V. K. | Dean, Arthur Wellesley | Inskip, Sir Thomas Walker H. |
Ashley, Lt.-Col. Rt. Hon. Wilfrid W. | Dixey, A. C. | Kennedy, A. R. (Preston) |
Balniel, Lord | Drewe, C. | Kindersley, Major G. M. |
Barclay-Harvey, C. M. | Edmondson, Major A. J. | King, Commodore Henry Douglas |
Barnett, Major Sir Richard | Edwards, J. Hugh (Accrington) | Knox, Sir Alfred |
Beamish, Roar-Admiral T. P. H. | Elliot, Major Walter E. | Lamb, J. Q. |
Bethel, A. | Fanshawe, Captain G. D. | Lucas-Tooth. Sir Hugh Vere |
Betterton, Henry B. | Foster, Sir Harry S. | Luce, Major-Gen, Sir Richard Harman |
Birchall, Major J. Dearman | Foxcroft, Captain C. T. | MacAndrew, Major Charles Glen |
Bowyer, Captain G. E. W. | Fraser, Captain Ian | Macdonald, Sir Murdoch (Inverness) |
Brass, Captain W. | Fremantle, Lieut.-Colonel Francis E. | Macintyre, Ian |
Bridgeman, Rt. Hon. William Clive | Gadie, Lieut.-Col. Anthony | McLean, Major A. |
Brocklebank, C. E. R. | Ganzoni, Sir John | Macmillan, Captain H. |
Brooks, Brigadier-General C. R. I. | Garro-Jones, Captain G. M. | Macnaghten, Hon. Sir Malcolm |
Brown, Ernest (Leith) | Gilmour, Lt.-Col. Rt. Hon. Sir John | MacRobert, Alexander M. |
Broun-Lindsay, Major H. | Gower, Sir Robert | Maitland, Sir Arthur D. Steel- |
Bullock, Captain M. | Graham, Fergus (Cumberland, N.) | Margesson, Captain D. |
Burman, J. B. | Grant, Sir J. A. | Marriott, Sir J. A. R. |
Butt, Sir Alfred | Greene, W. P. Crawford | Mason, Colonel Glyn K. |
Cayzer, Maj, Sir Herbt. R. (Prtsmth, S.) | Hacking, Douglas H. | Meller, R. J. |
Cecil, Rt. Hon. Sir Evelyn (Aston) | Hail, Lieut.-Col. Sir F. (Dulwich) | Merriman, Sir F. Boyd |
Chamberlain, Rt. Hon. N. (Ladywood) | Hammersley, S. S. | Monsell, Eyres, Com. Rt. Hon. B. M. |
Christie, J. A. | Hannon, Patrick Joseph Henry | Moore-Brabazon, Lieut.-Col. J. T. C |
Cochrane, Commander Hon. A. D. | Harland, A. | Nelson, Sir Frank |
Colfox, Major William Phillips | Harrison, G. J. C. | Newman, Sir R. H. S. D. L. (Exeter) |
Cooper, A. Duff | Hartington, Marquess of | Oakley, T. |
Cope, Major William | Harvey, G. (Lambeth, Kennington) | O'Connor, T. J. (Bedford, Luton) |
Couper, J. B. | Haslam, Henry C. | Penny, Frederick George |
Courtauld, Major J. S. | Headlam, Lieut.-Colonel C. M. | Perkins, Colonel E. K. |
Cowan, D. M. (Scottish Universities) | Henderson, Capt. R.R. (Oxf'd, Henley) | Peto, Sir Basil E. (Devon, Barnstaple) |
Craig, Sir Ernest (Chester, Crewe) | Hennessy, Major Sir G. R. J. | Peto, G. (Somerset, Frome) |
Crookshank, Col. C. tie W. (Berwick) | Hills, Major John Walter | Pilcher, G. |
Crookshank, Cpt. H. (Lindsey, Gainsbro) | Hilton, Cecil | Power, Sir John Cecil |
Curzon, Captain Viscount | Hope, Capt. A. O. J. (Warw'k, Nun.) | Preston, William |
§ The Committee divided: Ayes, 163; Noes, 68.
Price, Major C. W. M. | Skelton, A. N. | Waterhouse, Captain Charles |
Raine, Sir Walter | Smith, R. W. (Aberd'n & Kinc'dine, C.) | Watson, Rt. Hon. W. (Carlisle) |
Ramsden, E. | Smith-Carington, Neville W. | Wells, S. R. |
Reid, D. D. (County Down) | Somerville, A. A. (Windsor) | White, Lieut.-Col. Sir G. Dairymple |
Richardson, Sir P. W. (Sur'y, Ch'ts'y) | Stanley, Lieut.-Colonel Rt. Hon. G.F. | Williams, A. M. (Cornwall, Northern) |
Roberts, Sir Samuel (Hereford) | Stanley, Lord (Fylde) | Williams, Com. C. (Devon, Torquay) |
Rodd, Rt. Hon. Sir James Renneil | Stanley, Hon. O. F. G. (Wtitm'eland) | Williams, Herbert G. (Reading) |
Ruggles-Brise, Lieut.-Colonel E. A. | Steel, Major Samuel Strang | Windsor-Clive, Lieut.-Colonel George |
Runciman, Rt. Hon. Walter | Storry-Deans, R. | Womersley, W. J. |
Russell, Alexander West (Tynemouth) | Sugden, Sir Wilfrid | Wood, B. C. (Somerset, Bridgwater) |
Salmon, Major I. | Thompson, Luke (Sunderland) | Wood, E. (Chest'r, Stalyb'dge & Hyde) |
Samuel, A. M. (Surrey, Farnham) | Thomson, F. C. (Aberdeen, South) | Wood, Rt. Hon. Sir Kingsley |
Samuel, Samuel (W'dsworth, Putney) | Thomson, Rt. Hon. Sir W. Mitchell- | Worthington-Evans, Rt. Hon. Sir L. |
Sandeman, N. Stewart | Titchfield, Major the Marquess of | Yerburgh, Major Robert D. T. |
Sanders, Sir Robert A. | Tomlinson, R. P. | |
Sandon, Lord | Tryon, Rt. Hon. George Clement | TELLERS FOR THE AYES.— |
Sassoon, Sir Philip Albert Gustave D. | Vaughan-Morgan, Col. K. P. | Captain Wallace and Sir Victor Warrender. |
Sheffield, Sir Berkeley | Ward, Lt.-Col. A. L. (Kingston-on-Hull) | |
Shepperson, E. W. | Warner, Brigadier-General W. W. |
NOES. | ||
Adamson, Rt. Hon. W. (Fife, West) | Hirst, G. H. | Saklatvala, Shapurji |
Adamson, W. M. (Staff., Cannock) | Hirst, W. (Bradford, South) | Shaw, Rt. Hon. Thomas (Prestos) |
Alexander, A. V. (Sheffield, Hillsbro') | Hollins, A. | Sitch, Charles H. |
Barnes, A. | Hudson, J. H. (Huddersfield) | Slesser, Sir Henry H. |
Batey, Joseph | Jenkins, W. (Glamorgan, Neath) | Smith, Ben (Bermondsey, Rotherhithe) |
Brown, James (Ayr and Bute) | John, William (Rhondda, West) | Smith, H. B. Lees (Keighley) |
Buchanan, G. | Johnston, Thomas (Dundee) | Snowden, Rt. Hon. Philip |
Charleton, H. C. | Jones, J. J. (West Ham, Silvertown) | Stephen, Campbell |
Dalton, Hugh | Jones, T. I. Mardy (Pontypridd) | Sullivan, Joseph |
Day, Harry | Kelly, W. T. | Sutton, J. E. |
Edwards, C. (Monmouth, Bedwellty) | Kirkwood, D. | Thurtle, Ernest |
Gibbins, Joseph | Lawson, John James | Tinker, John Joseph |
Gillett, George M. | Lindley, F. W. | Varley, Frank B. |
Graham, D. M. (Lanark, Hamilton) | Lunn, William | Watson, W. M. (Dunfermilne) |
Greenall, T. | Mackinder, W. | Watts-Morgan. Lt.-Col. D. (Rhondda) |
Greenwood, A. (Nelson and Colne) | M alone, C. L'Estrange (N'thampton) | Wellock, Wilfred |
Grenfell, D. R. (Glamorgan) | Maxton, James | Welsh, J. C. |
Groves, T | Murnin, H. | Wilkinson, Ellen C. |
Grundy, T. W. | Oliver, George Harold | Williams, T. (York, Don Valley) |
Hall, F. (York, W. R., Normanton) | Paling, W. | Windsor, Walter |
Hall, G. H. (Merthyr Tydvil) | Parkinson, John Allen (Wigan) | |
Hayday, Arthur | Pethick-Lawrence, F. W. | TELLERS FOR THE NOES.— |
Henderson, Rt. Hon. A. (Burnley) | Potts, John S. | Mr. Whiteley and Mr. Hayes. |
Henderson, T. (Glasgow) | Purcell, A. A. |