§ 79. Mr. Priceasked the Chancellor of the Exchequer whether he is aware that there has been an unequal rise in deposits of the principal joint stock banks in recent months, indicating attempts on the part of some to attract foreign balances; and 1717 whether, in view of the tendency to instability to which this gives rise, he will consider what action he can take in the matter?
§ Sir J. SimonDivergencies between the experience of individual banks may be due to a large number of factors, quite apart from the question of foreign balances. The movement of deposits in the last six months has been slightly downwards on the whole. The answer to the second part of the question is in the negative.