C.W.S. Bank (Deposit Rates)

HC Deb 13 February 1947 vol 433 c511

80. Brigadier Mackeson

asked the Minister of Health what deposit rates have been paid by the Co-operative Wholesale Society bank to local authorities during the past three years; and what increases or decreases there have been in the rates concerned.

Mr. Bevan

The terms on which a local authority's moneys are deposited with its bankers are a matter for arrangement between the parties concerned, and I have no information on the point raised by the hon. and gallant Member.

Mr. H. Hynd

Will my right hon. Friend issue instructions to all local authorities that, for the financial benefit of the ratepayers, they should bank with the C. W. S.?

Captain Crookshank

While considering that point, will the right hon. Gentleman consult the Chancellor of the Exchequer, and see if his policy is the same as that enunciated by his right hon. Friend?