§ 49. Mr. CHARLES WILLIAMSasked the Chancellor of the Exchequer what proportion of the £4,000,000 paid by the Government as brokerage for the conversion loan was paid to the clerks and those whose direct services did so much to secure the success of this conversion scheme?
Mr. CHAMBERLAINI may remind my hon. Friend that the commission was payable to all bankers, other than the Bank of England, stockbrokers and solicitors in respect of applications for the 193 continuance of holdings of War Loan which bore their stamp. The Government have no knowledge how the commission was used by the recipients, or what payments were made by them to their staffs for services in connection with the conversion operation.
§ Mr. WILLIAMSWould not my right hon. Friend admit that the staff did a very considerable proportion of the work, and were really helpful to him on that occasion?
§ Mr. LOGANWill the right hon. Gentleman say, in respect of the commission paid, whether any of those concerned refunded the money, on the ground that they had not done service for it?