§ 38. Mr. Dayasked the Chancellor of the Exchequer whether it is the intention of the Government to take any further steps with the object of encouraging a closer relationship between the banks and industry in order that the advantages obtained by industry abroad may be available to those who require same in Great Britain?
§ Lieut.-Colonel ColvilleWhile the relations between banking and industry vary in different countries, I am not aware, broadly speaking, that advantages of the kind indicated in the question are obtained by industry abroad but are not available to industry in this country at the present time. The question does not, therefore, appear to arise.
§ Sir A. M. SamuelWill my right hon. and gallant Friend ask the hon. Member 337 to produce evidence in support of his imputation that credit worthy borrowers in British industry are not receiving support from British banks?
§ Lieut.-Colonel ColvilleThe experience of the crisis of 1931 and since has been rather to confirm the soundness of British banking practice and, certain other countries have assimilated their practice to it.