HC Deb 06 November 1934 vol 293 c829
47. Mr. DAVID MASON

asked the Chancellor of the Exchequer whether, in view of the increase in the revenue as a result of changes in the National Debt, there is any prospect of a resumption of payments for account of the Sinking Fund?

Mr. COOPER

I would refer the hon. Member to the passage in the last Budget Speech in which my right hon. Friend dealt very fully with Sinking Fund policy and addressed a clear warning to the House as to the future.

Mr. MASON

In view of the fact that a considerable time has elapsed since the last Budget statement and that money is practically unlendable in the City of London to-day, will not the Chancellor of the Exchequer reconsider his attitude as to the advisability of again reviewing the subject?

Mr. COOPER

The Chancellor of the Exchequer is no doubt considering the matter, but I do not think there will be any statement until the next Budget statement.