§ 55. Mr. Craven-Ellisasked the Chancellor of the Exchequer whether he will consider the introduction of a Bill to extend the principle of the Bank Charter Act, 1844, to govern the activities of the banking department of the Bank of England and the clearing house banks as to secure to His Majesty's Treasury the profits arising from the creation of bank credit in excess of a total volume to be determined and to provide for the control by Parliament of the volume of bank credit similar to that exercised over the volume of the fiduciary issue?
§ Sir K. WoodNo, Sir.
§ Mr. Craven-EllisIs my right hon. Friend aware that our post-war programme of reconstruction will be considerably handicapped unless we have a comprehensive reform of the monetary and financial system?
§ Sir K. WoodI know that is my hon. Friend's view.
§ Mr. Craven-EllisIs it my right hon. Friend's view?