HC Deb 05 July 1932 vol 268 c240
52. Sir C. CAYZER

asked the Financial Secretary to the Treasury the objects for which, and methods by which, the £150,000,000 authorised by Section 24 of the Finance Act, 1932, is to be re-lent to the Exchequer unless and until it is required by the Equalisation Account?


Any balance on a Government account which is surplus to requirements for the time being is re-lent to the Exchequer on Treasury Bills or Ways and Means Advances. The object is to avoid unnecessary borrowing from the market by the Exchequer while idle balances are held elsewhere.