§ 53. Mr. Stokesasked the Chancellor of the Exchequer what amount of Treasury deposit receipts held by the banks had been converted to long term loans by 15th February, 1944, or near date.
§ The Chancellor of the Exchequer (Sir John Anderson)The amount of subscriptions to long-term loans—that is, Savings Bonds—covered by repayments of Treasury Deposit Receipts before maturity up to the 12th February, 1944, was £237,000,000.
§ Mr. StokesMay I ask whether, in view of the fact that bringing new money for circulation in this way costs the community a great deal, the right hon. Gentleman will consider raising the money himself instead of leaving it to the banks to do it?
§ Sir J. AndersonI think I answered a Question uncommonly like that last week.
§ Mr. StokesYes, but most unsatisfactorily.
§ Sir J. AndersonThat is another matter.