HC Deb 05 September 1940 vol 365 c12
18. Mr. Stokes

asked the Chancellor of the Exchequer how many banks have subscribed to the interest-free loan; and the total amount of those subscriptions?

Sir K. Wood

I would refer my hon. Friend to the reply given by my right hon. and gallant Friend the Financial Secretary to my hon. Friend the Member for East Wolverhampton (Mr. Mander) on 23rd July.

Mr. Stokes

As the banks create all the currency and the Government now control the banks, is it not possible for the Chancellor to give instructions to the banks that they should subscribe liberally to these loans?

Sir K. Wood

I must leave that to the corporations and individuals themselves.