§ 52. Mr. Boothbyasked the Chancellor of the Exchequer why no director representing agricultural interests has been appointed to the Court of the Bank of England.
Mr. DaitonBecause, as I stated on the Second Reading of the Bank of England Bill,
it is Dot intended that there should be representation of any sectional interest whatever on the Court."—[OFFICIAL REPORT. 29th October, 1945; Vol. 415, c. 51]
§ Mr. BoothbyIn view of the fact that agriculture can hardly be described as an ordinary sectional interest, in the general sense of the words, and that the monetary policy of this country in the 1920's was mainly responsible for its ruin, will he not reconsider this?
§ Mr. DaltonNo, Sir. I am informed that no fewer than three of the present Court have some practical knowledge of farming.