§ 47. Mr. DAVID MASONasked 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. COOPERI 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. MASONIn 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. COOPERThe 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.