§ 60. Mr. Stokesasked the Chancellor of the Exchequer whether, in the forthcoming "Wings for Victory" weeks, he will give instructions that investments made by banks and insurance companies are kept separate from those made by the small investor, so that a true picture may be obtained of the source from which the subscriptions are derived?
§ Sir K. WoodNo, Sir. I do not think that my hon. Friend's suggestion would serve any useful purpose.
§ Mr. StokesWill the Chancellor tell the people what is the proportion of banks' and insurance companies' investments, and is he aware that it was his own Department which recently made it plain that of the £5,000,000,000 savings so far made, between 65 and 70 per cent. came from the banks and insurance companies?
§ Sir K. WoodThe hon. Member will obtain some information, I hope, when the White Paper is published.
§ Mr. StokesIf it is possible to keep the subscriptions separate on the large issues, why is it not possible to do it in this ridiculous "Wings for Victory" campaign?
§ Sir Granville GibsonWhat good purpose can be served by keeping them separate, as long as we get the money?
§ Mr. A. EdwardsWould it not be a good thing if people realised that not 865 more than 10 per cent. of this is genuine savings and that all the rest is ridiculous ballyhoo?
§ Sir K. WoodNo, Sir. I do not know why the hon. Member wants to decry this very successful movement.
§ Mr. StokesBecause it is humbug.