§ 52. Captain STRICKLANDasked the Chancellor of the Exchequer whether he has considered the communication from the Town Council of Coventry and other municipalities petitioning the Government to use every endeavour to get the banks and building societies to reduce their rates of interest on borrowed money to a level commensurate with the recent fall in interest rates; and what reply he has returned?
Mr. CHAMBERLAINYes, Sir; I have taken note of these communications, which were not worded in such a way as to call for any reply.