HC Deb 21 January 1937 vol 319 cc336-7
38. Mr. Day

asked 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 Colville

While 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.

Mr. Day

Will the Minister investigate the conditions in Germany and the United States?

Sir A. M. Samuel

Will my right hon. and gallant Friend ask the hon. Member to produce evidence in support of his imputation that credit worthy borrowers in British industry are not receiving support from British banks?

Lieut.-Colonel Colville

The 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.