§ 57. Mr. Stokesasked the Chancellor of the Exchequer whether he will cause to be included in the weekly campaign circular of the National Savings Committee an appropriate invitation to members of the public to lend their money to the Government free of all interest; and why such an appeal has not previously been included in the campaign circular.
§ Sir J. AndersonThe answer to the first part of the Question is "No, Sir." In reply to the second part, I would refer the hon. Member to my reply to his Question on 6th April last.
§ Mr. StokesIn view of the fact that it is obvious to every Member that loans free of interest are of great advantage to the Government and the community, will the Chancellor explain why people are not encouraged in these circulars to lend their money free of interest?
§ Sir J. AndersonMy hon. Friend's assumption is not correct. The Treasury is always glad to have loans free of interest, but to institute a campaign directed to securing as much money as possible in the form of loans free of interest, which, in fact, would be repayable at call, instead of loans for long terms, is a very different story.
§ Mr. StokesIt may be a different story, but does not the Chancellor think that it 1201 would be a great advantage to the community and "bust" the money racket once and for all?
§ Sir J. AndersonNo, Sir.