HC Deb 06 June 1939 vol 348 cc204-5
40. Mr. Bellenger

asked the Chancellor of the Exchequer whether, in view of the large borrowing operations which will have to be undertaken by His Majesty's Government in the future, with its con sequential effect on credit facilities, he has any proposals for more direct control of the Bank of England and the removal of the anomalous position of the central bank being allowed to remain in the hands of private financial interests?

Sir J. Simon

No, Sir. The Government do not accept the implications in the hon. Member's question, and have no intention of putting forward any such proposals as those referred to.

Mr. Garro Jones

May I ask the Prime Minister why he does not make the great Mr. Montagu Norman Chancellor of the Exchequer?

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