HC Deb 22 October 1946 vol 427 cc1480-1
63. Mr. Nigel Birch

asked the Chancellor of the Exchequer what increase has taken place during 1946 in holdings by Government or Government-controlled institutions and agencies in British Government, municipal, dominion and colonial securities having a currency of more than one year.

Mr. Dalton

I do not propose to add further to the information already regularly published regarding the securities held by Government Departments.

Mr. Birch

Does the Chancellor not consider it desirable that he should give the same information to this House as he gives to the City of London?

Mr. Dalton

If the hon. Member will put down a Question on the subject I shall be very glad to repeat here what I said to the bankers and merchants. That is quite a different thing from giving information which would be contrary to all precedent. In that matter I am a good Conservative.

Mr. Eccles

Will the Chancellor give us an assurance that he will tell us what proportion of the local loans is taken up by the public and what proportion is taken up by Government Departments?

Mr. Dalton

None of my illustrious predecessors would have revealed such information. Neither shall I.