46. Mr. De la Bèreasked the Chancellor of the Exchequer whether, with a view to consolidating the Bank of Eng land as a national institution, he will introduce legislation to clearly define the relations and obligations of the Governors of the Bank of England to the Government of the day?
§ Sir J. SimonNo, Sir.
Mr. De la BèreIs the right hon. Gentleman aware that things which have been satisfactory in the past are not necessarily satisfactory to-day? Is it not clear that it is very desirable that the relations and obligations of the Bank of England to the Government of the day should be made quite clear and free from any ambiguity?
§ Sir J. SimonThe argument as to the moment when conservatism passes into liberalism is always disputed.