§ 64. Mr. Bossom
asked the Chancellor of the Exchequer whether he will consider having it made an indictable offence for accounts of over £50 to be paid in £1 notes, in order to make more difficult the black-market transactions which are handled by this means?
§ 67. Mr. George Griffiths
asked the Financial Secretary to the Treasury whether he will consider the advisability of making it compulsory to pay through a bank by cheque any sum of money in settlement of an account exceeding, approximately, £10, and that any payment not made through a bank exceeding the specified amount be rendered illegal, in order that a closer supervision may be kept on black-market activities, and for income tax assessments?
§ The Chancellor of the Exchequer (Sir Kingsley Wood)
As I have stated on previous occasions, legislation of the kind which my hon. Friends propose, could not, I fear, be made effective.