§ 47. Mr. LAMBERT
asked the Chancellor of the Exchequer if he will form a committee of the chairmen of the prin- 238 cipal joint and stock banks to advise as to the use of the Exchange Equalisation Account, or whether he proposes to act on the advice of the Bank of England?
§ Major ELLIOT
The answer to the first part of the question is in the negative, and to the second part in the affirmative. My right hon. Friend the Chancellor of the Exchequer accepts, of course, full responsibility.