HC Deb 17 July 1941 vol 373 c723
30. Mr. Tinker

asked the Chancellor of the Exchequer whether his attention has been drawn to the advertisements now appearing in many newspapers of offers of loans of money up to £10,000, and, as this is having a detrimental effect on savings being invested with the Government, and as doubt is being caused, will he make a statement on this matter?

The Chancellor of the Exchequer (Sir Kingsley Wood)

I have seen no evidence that the advertisements to which my hon. Friend refers are affecting the success of the War Savings Campaign.

Mr. Tinker

Does the right hon. Gentleman think it to the public good that these advertisements should appear?

Sir K. Wood

I have not any evidence to the effect the hon. Member suggests. In fact, there does not appear to be any noticeable activity on the part of moneylenders just now.

Sir Irving Albery

Is it not a fact that some of the persons who have to borrow money to-day are borrowing it to pay their taxes?