§ 2. Lieut. - Commander FLETCHERasked the Secretary of State for Dominion Affairs whether he can give any information with regard to the proposals of the Governments of Canada and New Zealand for assuming public control of the national banking systems of their countries; and whether he can place in the Library any official papers giving particulars of such schemes and the reasons that have actuated the Governments concerned?
The UNDER-SECRETARY of STATE for DOMINION AFFAIRS (Marquess of Hartington)I have no information in regard to these proposals other than that which has appeared in the Press. As my right hon. Friend informed the hon. Member for West Fife (Mr. Gallacher) on 24th March, he has arranged for inquiries to be made as regards Canada, and he is now taking similar action as regards New Zealand. On receipt of further information, I will communicate with the hon. Member.
§ Lieut.-Commander FLETCHERHas this action by the Canadian and New Zealand Governments been followed by any collapse of the public credit, or any heavy withdrawal of bank deposits, or by any flight of capital abroad?