HC Deb 18 June 1940 vol 362 c27
52. Mr. Stokes

asked the Chancellor of the Exchequer whether, now that he has power to control the banks, he will take back to the State the right to create money thereby in addition to other advantages enabling him to finance the war free of interest charges?

The Chancellor of the Exchequer (Sir Kingsley Wood)

No, Sir.

Mr. Stokes

Does the Chancellor realise the amount of saving that could be effected by the nation if he took back to the people what is its right, instead of allowing the present scandal to continue?

Mr. Speaker

I must ask the hon. Member to put his Supplementary Question in reasonable language.