§ 54. Mr. Stokesasked the Chancellor of the Exchequer how much of the money subscribed to War-Weapons Weeks up to 31st October was money subscribed by the banks; and how much was money loaned by the banks to other persons or corporations for the purpose of subscription?
§ Sir K. WoodIt is not the practice for the Government to publish details of the sources of subscriptions to Government loans. I do not think that any appreciable amount of the subscriptions during War-Weapons Weeks was financed by borrowing from the banks; as my hon. Friend is aware, borrowing for such a purpose would be contrary to the Government's policy.
§ Mr. StokesHas the Chancellor's attention been drawn to the very large individual subscriptions which have been put up by various companies and persons, and will he satisfy himself that these are genuine personal or company savings and not loans from the banks?
Mr. J. J. DavidsonIs his definition of "total war" a war in which the banks make no contribution unless there is a profit?